Benzinga | Jul 15, 2021 08:25AM EDT

Stanley Black & Decker Becomes Official Tools And Storage Partner Of McLaren Formula 1 Team

* Stanley Black & Decker Inc. (NYSE:SWK) announced a multi-year partnership to become the Official Tools and Storage Partner of McLaren Racing's Formula 1 team.

* Stanley Black & Decker will support the McLaren Formula 1 team at and away from the track by outfitting the team with its range of tools. The partnership will include engagement events.

* Stanley Black & Decker brand DEWALT will be visible on the rear wing endplates of the McLaren MCL35M race cars and the racesuits of McLaren F1 drivers, Lando Norris and Daniel Ricciardo.

* Price action: SWK shares closed lower by 0.53% at $205.96 on Wednesday.