Professional Tool Reviews for Pros


acquisition

Madison Electric Company Acquired by Southwire

Southwire Adds Madison Electric To The Family Madison Electric, a company focused on “new attitudes, new processes, and new procedures,” revealed that they’ve joined forces with Southwire Electric. This jibes well for all of us since Southwire’s mission revolves around improving “professional trades by transforming construction methods through innovative products and solutions.” With Madison Electric […]

Ideal Industries Acquires Cree Lighting Division for $310 Million

Ideal Industries Acquires Cree Lighting Division for $310 Million

Well-Known LED Manufacturer Cree Lighting to Come Under Ideal Industries’ Ownership in $310 Million Deal The big news in acquisitions this month comes as Ideal Industries inks a deal with Cree lighting. Cree is a well-known name in the lighting sector, particularly for their production of LED chips in all kinds of consumer and professional […]

Best 12V Cordless Drill - Craftsman Nextec Lo Res

Stanley Black & Decker Owns Craftsman Tools: What’s Next?

It’s literally last year’s news that Stanley Black & Decker owns Craftsman Tools. There’s plenty of work for the company to do as it shifts the Craftsman brand into the fold with DeWalt, Porter-Cable, Proto, MAC Tools, and more. But what happens next? There are some crossover products in Craftsman’s offering that seems to compete […]

Kyocera Acquires Senco

Kyocera Acquires Ryobi Shares

In yet another display of the company’s sustained expansion, the Kyocera Corporation recently announced another big acquisition. As you may recall, Kyocera took over Senco Tools last summer. Back in 2011, Kyocera bought out the Unimerco Group in Europe. Well, the company isn’t done yet. Hot off the recent press: Kyocera acquires Ryobi shares. 80% of them, […]

Klein Acquires General Machine Products

Klein Acquires General Machine Products

Klein Tools recently announced the acquisition of Pennsylvania-based General Machine Products Company (GMP). GMP is a supplier of specialty cable placement tools and equipment for the utility, data, and telecommunications markets. In addition, Klein acquires General Machine Products’ European subsidiary and facility, CBS Products. “GMP is very appealing to Klein Tools as we continue to expand our […]

festool-media-event-germany

Festool Buys SawStop – Acquisition Announced by SawStop

“Festool Buys SawStop!” That’s what text lit up my phone early Monday afternoon and my mind began to spin. My first thought was to double check the source – you know, there’s all that fake news running around. But sure enough, SawStop’s website carries the press release announcing the acquisition by Festool parent company, TTS […]

Lowe’s Acquires Maintenance Supply Headquarters

Lowe’s recently announced it has entered into a definitive agreement to acquire Maintenance Supply Headquarters, a leading distributor of maintenance, repair, and operations (MRO) products to the multifamily housing industry, for a total transaction value of $512 million. Based in Houston, Texas, Maintenance Supply Headquarters operates 13 distribution centers serving customers in 29 geographic areas, […]

Hitachi 2-1/16-Inch AC Brushless Rotary Hammer

Hitachi Power Tools Sold to Private Equity Firm KKR

We’ve been impressed with the quality and performance that Hitachi Power Tools has brought to the market recently and apparently, we’re not the only ones who’ve taken notice. That quality and performance translated into such robust business that private equity firm KKR (Kohlberg Kravis Roberts) recently announced a deal for a majority stake in Hitachi […]

Stanley Black and Decker Buys Craftsman

$900MM – Stanley Black and Decker Buys Craftsman

News may or may not have made it to you yet that the 90-year old tool brand may soon cease to exist. The black and yellow giant Stanley Black And Decker buys Craftsman from Sears for – $900 Miiillllllion dollars – pinky to the cheek with the best Austin Powers I can muster. What is […]

Chervon Acquires SKIL

Chervon Acquires SKIL Brand Tools

Six days ago, on August 23, Chervon (HK) Ltd. acquired the SKIL brand from the Bosch Power Tools division. This gives them complete control over the SKIL businesses in both North America and the European market. The new arrangement will see ownership of the rest of the global market phased on over a period of time.  And yes, this means […]