Power tool company power moves

Article Image

The previous week has been an lively one for software firm

Stanley Black & Decker has acquired Newell Manufacturers software unit
in a deal value near $2 billion. With this transfer, Stanley
Black & Decker brings Lenox and Irwin into its secure of
manufacturers that already included DeWalt, Porter-Cable, Bostich,
Proto, and naturally, Stanley and Black & Decker.

In an
Oct. 13 press release Stanley said

Stanley Black & Decker’s President and Chief Government
Officer, James M. Loree commented, “Newell Instruments is an
necessary step in our quest to additional strengthen our presence
within the international instruments trade. The addition of the long-lasting Lenox®
model and really robust Irwin® model, in addition to their related
energy software accent and hand software merchandise, opens up thrilling
new sources of world development in comparable methods, albeit on a
smaller scale, to what Black & Decker did in recent times.

Manufacturers like Lenox and Irwin are of apparent curiosity to Stanley
Black & Decker. Newell is a really massive firm, although, and
different manufacturers of significance fall beneath the Newell umbrella
akin to Elmer’s, Sharpie, X-Acto, Coleman, Sunbeam, Rubbermaid,
First Alert, and plenty of extra. These might definitely widen the
attain of Stanley Black & Decker.

In different information,
Laguna Tools released a joint statement with Hudson Ferry

Laguna Instruments Inc. is happy to announce that it acquired an
funding from Hudson Ferry Capital, a New York-based non-public
fairness agency, on March 31, 2016. Hudson Ferry Capital companions
with entrepreneurial homeowners and managers to make investments in
established privately owned decrease center market corporations. The
administration workforce of Laguna Instruments has retained a big
fairness possession within the firm. Phrases of the transaction had been
not disclosed.

“We’re excited to be partnering with Hudson Ferry Capital and
working with them to execute our development plans,” stated Torben
Helshoj. “They’re skilled buyers and we stay up for
working with them as we proceed to develop our product traces
and develop our buyer base. No modifications are deliberate with regard
to our strategy to the enterprise.”

“Laguna Instruments has constructed an excellent portfolio of CNC equipment and
woodworking gear and instruments,” stated Bruce Robertson, Companion
at Hudson Ferry Capital. “We consider Torben, Catherine, Stephen
and their workforce have carried out a superb job constructing an organization
with a premier model identify. We stay up for working with
Laguna to proceed the corporate’s success.”

Laguna has not too long ago been very lively within the woodworking
equipment market, releasing new merchandise to the market, akin to
the 14BX bandsaw, which have been extremely regarded.

Get woodworking ideas, knowledgeable recommendation and particular affords in
your inbox


Leave a Reply

%d bloggers like this: