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Stanley Absorbs Black and Decker

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Forum topic by TLE posted 11-08-2009 03:51 AM 1151 views 0 times favorited 2 replies Add to Favorites Watch
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TLE

25 posts in 2916 days


11-08-2009 03:51 AM

What do the Jocks think about this news? It seems that Wall Street likes it. I suspect that it means the continued decline of competition in the power tool market. I’ve been noticing that number of different models listed on-line by Delta, Porter-Cable, DeWalt, etc. have been recently in rapid reduction. Stanley Works says that this “merger” will improve profits by consolidating business operations and by reducing payroll by lowering employment . . . food for thought!

I’m thinking that it might be timely to acquire some tools or equipment that I’ve been agonizing over now since the options may get more sparse in the future – not the easiest decision in this economy, though.

Tim


2 replies so far

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reggiek

2240 posts in 2737 days


#1 posted 11-08-2009 04:11 AM

There will be consolidations in tough times like these….then when things loosen up and demand improves…there will be more new manufacturers filling the gaps….its all to do with the demand….right now demand is low…contractors aren’t building homes…tools are not selling like they did a few years ago….so the market is imploding as the buyers become few and far between…..Current manufacturers are cutting down on production….cutting lines that aren’t doing well….the weak are going broke or being acquired by the stronger companies….It is probably good to look at tools now if you can afford them…as it is a buyers market…that will not last for long though…China’s economy is rebounding quicker then us and is stepping up demand….and when things improve it will take a bit of time for the reduced supply to catch up with the new demand….so prices will increase quickly for the short run…..I keep hearing that they expect this to occur around the 2nd qtr of 2010.

-- Woodworking.....My small slice of heaven!

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jussdandy

157 posts in 2674 days


#2 posted 11-08-2009 03:00 PM

truthfully it scares me a lot, Ive worked in the cabinet supply business for over 20 years now, delta-porter cable is one of my big lines, Ive used the selling point for a long time that I can gets ya parts fast and Even when it gets older, I can still get you the parts ya need,NOT the case anymore since B&D bought them out, more and more parts not avable any more, I couldn’t get a part for a couple year old shaper a month or so ago. this has happened to me twice in the last month, have a customer want a saw I dont have in stock, call up to order it, we dont have it, will be after the first of the year then in a few days the saw will show up, I now have a hybrid saw in stock because the customer didnt want to wait, bought something else, now its sitting in the warehouse
ok Ill stop rambling but the B&D buyout really screwed up things and I hate to think what this Stanlley merger is gonna do. keeping my fingers crossed. business is tough enough allready.

-- Randy I have the right to remain silent, just not the ability ; )

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