Stanley Agrees to Acquire Black & Decker
Well, this is interesting. Stanley Tools has just agreed to acquire (or gobble, if you prefer) Black & Decker, which includes DeWalt and Porter-Cable. The new mega company would have an estimated worth of 8.4 billion dollars. Fax Max is now Massive Max.
We checked out an article at WSJ and it looks like the deal isn't set in stone yet and some feel there might be anti-trust issues to deal with:
The deal does raise issues about limiting competition, said David Balto, former policy director at the Federal Trade Commission under President Bill Clinton. "There are very straightforward antitrust concerns," Balto said. "These are clearly the two major American handtool makers and they compete quite directly on a wide variety of products."
The merger "would hit every handyman in the wallet," said Balto, who isn't connected with the deal.
That last part is awesome!
But we shouldn't jump to any conclusions yet. It'll take some time for the dust to settle on this one, so at this point we can only sit back and watch.
More information at Fine Homebuilding
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Posted by Tool Snob at November 2, 2009 8:28 PM
interesting, kinda have mix emotions on this one. They don't have a ton of product overlap, but this has to signal the death of Porter Cable, Black and Decker pretty much cheapened their stuff to death, now with Staley taking them over I wonder what will became of their pneumatic line, the Bostitch stuff will be their pro line, the PC line will devolve into more pos diy stuff. Their new guns look to be made out of plastic and now have a tacky sticker on them.
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