Stanley Black & Decker, Eastman Team Up On Sustainable Power Tools

Stanley Black & Decker, Inc. SWK and Eastman Chemical Co EMN collaborate to advance sustainability in the power tools industry. The financial terms of the arrangement were not disclosed.
BLACK+DECKER, a Stanley Black & Decker brand, to release a new product line, reviva, in early 2022, offering the brand's first sustainability-led power tools that use Eastman's Tritan Renew copolyester.
Stanley Black & Decker expects the new reviva power tools to be manufactured using Tritan Renew material produced through Advanced Circular Recycling, also known as molecular recycling.
This process reduces the use of fossil-based resources and lowers greenhouse gas emissions while providing the performance of virgin plastic materials and environmental benefits of 50% recycled content.
Price Action: SWK shares closed lower by 0.25% at $173.30, while EMN closed lower by 0.32% at $103.82 on Wednesday.