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Stanley Black & Decker sales increase 12%
Construction and DIY (CDIY) business performed "admirably" for Stanley Black & Decker during its second quarter. But the real new news, according to President and COO James Loree was "the emergence of solid organic growth in industrial and a growing order book in security."
Stanley posted second quarter revenues of $2.9 billion, an increase of 12%. Net earnings increased to $187.1 million, up 20.1% from the same quarter last year.
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Central Garden & Pet names new president, CEO
Central Garden & Pet has announced that John Ranelli has been named president and CEO, effective at the company's annual shareholder meeting on Feb. 11, 2013. Ranelli has been a member of the board of directors of Central Garden & Pet and a member of the board's audit committee since 2010. He will remain on Central's Board.
Bill Brown, Central's chairman and CEO, will continue as chairman.