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- Aug 29, 2013
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I hope they keep making the same quality blades. I use them on my hack saws, power hack saw, reciprocating saw, and band saw.
Interesting that they paid more than twice as much as they did for the Craftsman name.
"Stanley Black & Decker completes Lenox American saw purchase, plans to continue operating East Longmeadow plant
EAST LONGMEADOW -- Connecticut-based tool giant Stanley Black & Decker earlier this month completed its purchase of Newell Brands' tool division, which includes Lenox American Saw and its 500,000-square-foot factory here with 640 employees.
The $1.95 billion acquisition was first announced in October. The deal represents more than $700 million of revenues from brands like Lenox and Irwin hand tools, Stanley Black & Decker said in a news release.
When asked what this means for the East Longmeadow plant, Stanley was positive, but unspecific. Spokesman Tim Perra wrote in an email:
"We are pleased to welcome the East Longmeadow manufacturing facility into our family of nearly 30 U.S. manufacturing facilities. We are excited to have these employees join our team and look forward to supporting their continued growth. Currently we plan to continue operating the plant and producing all of its great products there."
The Newell deal is not the only major acquisition Stanley Black & Decker has completed recently. The company bought the Craftsman brand from Sears for $775 million in a deal announced in January. That deal also closed last week.
In the Stanley Black & Decker annual report, the company said it plans to expand U.S. manufacturing to support growth in Craftsman tool production. Stanley said it has grown U.S. tools manufacturing jobs by 40 percent over the last three years. It plans to expand over the next three years, moving from doing 40 percent of its manufacturing in the U.S. to 50 percent.
Stanley Black & Decker still makes tape measures in New Britain, Connecticut, the same city where the corporate headquarters is, according to the annual report. It already makes many of its DeWalt brand tools in the U.S., using parts sourced around the world.
The company said it is planning to upgrade to "smart factories" with the latest in robotics, manufacturing execution systems, 3-D printing, innovation labs and maker spaces. Stanley Black & Decker doesn't say where those will be.
Danaher Inc. used to manufacture some Craftsman ratchets and wrenches in Springfield before shutting down in 2005."
http://www.masslive.com/business-ne...r_closes_on_lenox_ame.html#incart_river_index
Interesting that they paid more than twice as much as they did for the Craftsman name.
"Stanley Black & Decker completes Lenox American saw purchase, plans to continue operating East Longmeadow plant
EAST LONGMEADOW -- Connecticut-based tool giant Stanley Black & Decker earlier this month completed its purchase of Newell Brands' tool division, which includes Lenox American Saw and its 500,000-square-foot factory here with 640 employees.
The $1.95 billion acquisition was first announced in October. The deal represents more than $700 million of revenues from brands like Lenox and Irwin hand tools, Stanley Black & Decker said in a news release.
When asked what this means for the East Longmeadow plant, Stanley was positive, but unspecific. Spokesman Tim Perra wrote in an email:
"We are pleased to welcome the East Longmeadow manufacturing facility into our family of nearly 30 U.S. manufacturing facilities. We are excited to have these employees join our team and look forward to supporting their continued growth. Currently we plan to continue operating the plant and producing all of its great products there."
The Newell deal is not the only major acquisition Stanley Black & Decker has completed recently. The company bought the Craftsman brand from Sears for $775 million in a deal announced in January. That deal also closed last week.
In the Stanley Black & Decker annual report, the company said it plans to expand U.S. manufacturing to support growth in Craftsman tool production. Stanley said it has grown U.S. tools manufacturing jobs by 40 percent over the last three years. It plans to expand over the next three years, moving from doing 40 percent of its manufacturing in the U.S. to 50 percent.
Stanley Black & Decker still makes tape measures in New Britain, Connecticut, the same city where the corporate headquarters is, according to the annual report. It already makes many of its DeWalt brand tools in the U.S., using parts sourced around the world.
The company said it is planning to upgrade to "smart factories" with the latest in robotics, manufacturing execution systems, 3-D printing, innovation labs and maker spaces. Stanley Black & Decker doesn't say where those will be.
Danaher Inc. used to manufacture some Craftsman ratchets and wrenches in Springfield before shutting down in 2005."
http://www.masslive.com/business-ne...r_closes_on_lenox_ame.html#incart_river_index