ronwhit
Member
Registered: 11/30/08
Posts: 35
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I just saw a news items on CNN-Money stating that Stanley has purchased Black & Decker in a stock deal. What do you think this will mean for us woodworkers? 
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Bill_de
Honored Veteran
Registered: 03/30/05
Posts: 10021
Loc: Delaware
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And you missed this? 
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Bill
ATHEISM IS A NON-PROPHET ORGANIZATION
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Hergy
Member
Registered: 01/10/01
Posts: 1286
Loc: Omaha, NE
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Yep, Stanley did indeed purchase B&D for a deal valued at 4.5 Bln. What does this mean to woodworkers? Probably nothing, other than we will be buying all our Delta, Porter Cable, DeWalt and B&D from Stanley. 
Since Delta and Porter Cable were purchased from Pentair by B&D, nothing seemed to really change as far as us woodworkers are concerned, They did consolidate their distribution and repair facilities. PC was kind of relegated to 2nd class status under the new arrangement. I'm sure a lot went on behind the scenes as far as personnel was concerned, however.
I guess only time will tell.
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One man's patina is another man's grunge
Dick
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jsears
Member
Registered: 11/23/05
Posts: 660
Loc: Jeffersonville, Ohio
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Yep..My wife works at Mac Tools Corporate (owned by Stanley) office in Columbus, Ohio. She told me about the buyout this afternoon. I might be seeing some discounts coming my way. 
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Definition of coplaner: It's the guy on the outfeed side of a planer handing the stock back to the guy on the infeed side.
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pconroy
...........
Registered: 09/14/04
Posts: 8985
Loc: Denver, CO
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Hergy said:
Yep, Stanley did indeed purchase B&D for a deal valued at 4.5 Bln.
Not to pick nits - but the deal hasn't closed.
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Hornswoop me bungo pony. Dogsled on ice.
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vitabile
Member
Registered: 06/27/04
Posts: 8656
Loc: Westchester County, New York
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Bill_de said:
And you missed this?
Just want to point out that not everyone visits the basement.
Tony
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"The art of leadership is to work with the natural grain of the particular wood of humanity which comes to hand."
John Adair
My woodworking blog: Tony's Woodshop
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BarryO
Member
Registered: 04/20/05
Posts: 5063
Loc: Axe Men country
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Bill_de said:
And you missed this?
Sure. Some of us avoid the basement at all costs.
This is the official press release: http://phx.corporate-ir.net/phoenix.zhtm...&highlight=
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I do not fault them one bit. What they say and feel about hand tools may very well be true. Yet to be able to make a living and produce enough work to do so, I use whatever tools will do the job most accurately and most efficiently. - Sam Maloof
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Hergy
Member
Registered: 01/10/01
Posts: 1286
Loc: Omaha, NE
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pconroy said:
Hergy said:
Yep, Stanley did indeed purchase B&D for a deal valued at 4.5 Bln.
Not to pick nits - but the deal hasn't closed.
Obviously not a done deal since it was just announced today. Deal is expected to close in the first half of 2010 per the announcment. I seriously doubt, however, that the justice dept. will be too concerned about a "Tool Monopoly". 
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One man's patina is another man's grunge
Dick
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RocketRod
Member
Registered: 09/29/00
Posts: 5723
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Maybe Stanley will make it easier to get replacement parts -- I was told by a dealer that B&D was only interested in selling new tools -- not repairing old ones
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MERRY CHRISTMAS
Member Iron Butt Association
Leave a good footprint where ever you go -- you may only pass that way once.
PRAYERS FOR EVERYONE ON THE FORUM
If You Don't Ride A Motorcycle, In My Opinion Your Missing Out --
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Splinter Puller
Member
Registered: 09/17/03
Posts: 11910
Loc: Sioux Falls, SD
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vitabile said:
Bill_de said:
And you missed this?
Just want to point out that not everyone visits the basement.
Tony
Don't worry... Bill missed the Black and Decker post that was in Power Tools and beat the one in Off Topic by a half hour. 
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