November 2, 2009

Stanley Agrees to Acquire Black & Decker

stanley_logo.jpgWell, 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

Read More in: Tool News

Share this Article with others: social bookmarking

Related Articles:

Came straight to this page? Visit Tool Snob for all the latest news.

Posted by Doug Mahoney at November 2, 2009 8:28 PM

protool_innovation_award_2013.jpg

Recent Comments

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.


Posted by: Kevin at November 17, 2009 6:40 PM
Post a comment









Remember personal info?




Please enter the letter "k" in the field below:
Please press Post only once. Submission of comments takes up to 20 seconds because of Spam Filtering.

Join the Mailing List Newsletter
Enter your Email


Powered by FeedBlitz
Subscribe - RSS

facebook_badge.jpg twitter_badge.jpg

Recent Reviews
Recent Comments
Cody: I loved this drill, it got lost in the move read more
Michael: An extension ladder is the only piece missing from my read more
Tool Snob: Right. Well at least they aren't forced to solve a read more
Mark: Canadians are not eligible. The FIRST line of the rules read more
david: The worst piece of garbage ever is the car pocket read more
Site Navigation

Visit our other properties at Blogpire.com!

HomePire

This weblog is licensed under a Creative Commons License.
All items Copyright © 1999-2014 Blogpire Productions. Please read our Disclaimer and Privacy Policy