Kwikset Named As Exclusive Door Hardware Supplier To Beazer Homes USA, Inc

Lake Forest, CA – July 2004 - Kwikset® Corporation a Black & Decker Company (NYSE: BDK), has been named as the exclusive supplier to Beazer Homes USA, Inc. (NYSE: BZH) for hardware and entryway security devices.

Atlanta-based Beazer Homes USA, Inc. is the sixth largest homebuilder in the United States based on number of homes closed, with geographically diversified operations in 19 states throughout the Southeast, West, Central, Mid-Atlantic and Midwest.

Under the terms of the agreement, which takes effect immediately, Kwikset will supply Beazer Homes with an extensive range of products from the most trusted brands of door hardware including Kwikset, Weiser Lock® and Baldwin® Hardware.

Peter Granick, Vice President of Sourcing and Procurement Strategies for Beazer Homes, said of the exclusive deal, “Kwikset was selected based on its commitment and dedication to providing quality products and its ability to meet our needs in each of the markets in which we operate. Partnering with a national supplier having a strong reputation for quality, such as Kwikset, reflects Beazer Homes’ commitment to providing its customers with an exceptional experience. This partnership further illustrates Beazer Homes’ ongoing initiative to realize increased value for our customers and shareholders by focusing on national account initiatives and opportunities to optimize our supply chain in order to achieve lower overall production costs.”

Jimmy Pendley, Kwikset Vice President of Product Marketing and Field Sales said, “Kwikset is thrilled to become an exclusive supplier to Beazer Homes and have our high quality products be part of the thousands of high quality homes Beazer Homes builds every year. Kwikset’s commitment to expanding its portfolio of high quality brands, improving the performance and reliability of our products, and fostering relationships with our partners have been the keys to building this outstanding program with Beazer Homes.”

Beazer Homes USA, Inc., based in Atlanta, is one of the country’s ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers. For further information, please visit www.beazer.com.

Kwikset has been a leader in the lockset industry for more than 50 years and is the most popular brand of both builders and homeowners. The company manufactures and markets a complete line of door hardware, including handlesets, knobs, levers, deadbolts and pocket door hardware, for the residential and light commercial markets under the Kwikset UltraMax Security®, Kwikset Maximum Security®, Kwikset Security®, Weiser Lock® and Society Brass Collection® Brands.

Kwikset, Weiser Lock and Baldwin Hardware are part of The Black & Decker Corporation’s Hardware & Home Improvement Group headquartered in Lake Forest, California. For more information visit www.BDHHI.com or call 1-800-327-LOCK