Tom Kuznicki
Forum Member
Rumblestrip and I actually looked at an I R compressor at sears when we returned the 2nd one. By the way E, I will have the pictures of the broken one as soon as I figure how to get them out of my phone. T.
Craftsman: Not what it used to be!
- Thread starter Rumblestrip
- Start date
ShadowRuleZ
Club Member
I didn't think they went chinese until Bain Capital bought them, or is Apex different than Dahaner?
Rumblestrip
Forum Member
Eddie Lampert's group ESL bought Kmart & Sears, not Bain.
Rumblestrip
Forum Member
Try forwarding them to my phone.
Torxila
Club Member
OCT 10 2012
Bain Capital LLC agreed to buy Apex Tool Group LLC, the maker of Craftsman hand tools, from Danaher Corp. (DHR) and Cooper Industries Plc for about $1.6 billion in its largest deal so far this year.
Danaher expects the sale to the Boston-based private-equity firm to generate after-tax net proceeds of about $650 million and be completed in the first half of 2013, the two companies said today in a statement. Danaher, based in Washington, and Houston-based Cooper each own 50 percent of Apex.
Apex Tool Group LLC, the maker of Craftsman products, describes itself as one of the world’s largest makers of hand and power tools. Photographer: Paul Taggart/Bloomberg
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The acquisition of Apex is the largest this year for Bain, which has participated in announced deals worth $4.7 billion in 2012, according to data compiled by Bloomberg. Apex, based in Sparks, Maryland, describes itself as one of the world’s largest makers of hand and power tools. It has dozens of its own brands, including GearWrench ratchets, and makes some of the tools sold by Sears.
Danaher and Cooper (CBE) join United Technologies Corp. and DuPont Co. in selling major divisions to private-equity buyers this year. Danaher, which generated $16.1 billion in revenue last year, formed Apex with Cooper in 2010 by combining their tool businesses and naming Steve Breitzka, previously the head of the Danaher tool unit, chief executive officer
Bain Capital LLC agreed to buy Apex Tool Group LLC, the maker of Craftsman hand tools, from Danaher Corp. (DHR) and Cooper Industries Plc for about $1.6 billion in its largest deal so far this year.
Danaher expects the sale to the Boston-based private-equity firm to generate after-tax net proceeds of about $650 million and be completed in the first half of 2013, the two companies said today in a statement. Danaher, based in Washington, and Houston-based Cooper each own 50 percent of Apex.
Apex Tool Group LLC, the maker of Craftsman products, describes itself as one of the world’s largest makers of hand and power tools. Photographer: Paul Taggart/Bloomberg
.
The acquisition of Apex is the largest this year for Bain, which has participated in announced deals worth $4.7 billion in 2012, according to data compiled by Bloomberg. Apex, based in Sparks, Maryland, describes itself as one of the world’s largest makers of hand and power tools. It has dozens of its own brands, including GearWrench ratchets, and makes some of the tools sold by Sears.
Danaher and Cooper (CBE) join United Technologies Corp. and DuPont Co. in selling major divisions to private-equity buyers this year. Danaher, which generated $16.1 billion in revenue last year, formed Apex with Cooper in 2010 by combining their tool businesses and naming Steve Breitzka, previously the head of the Danaher tool unit, chief executive officer
