Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Black & Decker Cleared to Acquire Pentair’s Tools Group
Sep 30, 2004
 Printable format
 Email this Article
 Search

Power tool maker Black & Decker said that the anti-trust waiting period has passed and it has received regulatory clearance to proceed with its purchase of the Tools Group from Pentair. The purchase will be approximately U.S. $775 million in cash.

The closing of the transaction is now anticipated to occur before the end of October. The Tools Group sales and operating profit for 2003 were $1.08 billion and $82 million, respectively.

The Tools Group includes the Porter-Cable, Delta, DeVilbiss Air Power, Oldham Saw, and FLEX businesses. Black & Decker said it expects to realize $65 million of annual cost savings by the end of 2007.

“We are pleased to have received regulatory clearance. By adding the Tools Group’s well-respected brands and products, we expand our offerings where we have had relatively low market share,” Nolan D. Archibald said, chairman and CEO of Black & Decker. “Further, we are enhancing our distribution network, particularly in the industrial and construction channel.”

Back to Daily News

 

Daily News

...........................................................

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows