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Tag Archives: manufacturer

Delay Likely for Sherwin-Williams’ Purchase of Valspar

Valspar

The Sherwin-Williams Co. announced this week that its deal to buy The Valspar Corp. likely won’t close as soon as planned. When the two U.S. paint companies publicized the purchase agreement in March 2016, they expected the $11.3 billion deal to go ... Read More »

Stanley Finalizes Purchase of Craftsman Brand From Sears

Craftsman brand

Stanley Black & Decker announced it has completed its purchase of the Craftsman brand from Sears Holdings Corp. for approximately $900 million. The acquisition, which was first announced in January, gives “Stanley Black & Decker the right to develop, manufacture and sell ... Read More »

Amazon’s Voice-Activation System Becoming Standard in Appliances

smart appliances

Smart appliances with built-in voice activation are becoming standard for many manufacturers. At the 2017 Consumer Electronics Show, held this month in Las Vegas, Amazon’s Alexa was the voice-activation system of choice, according to CNET. Whirlpool voice-integration with Alexa will become standard ... Read More »

Stanley Buying Craftsman Tool Business in $900M Deal

Craftsman brand

Stanley Black & Decker is buying Sears’ iconic Craftsman tool brand in a deal valued at about $900 million. With the acquisition, which the manufacturer announced Thursday, Stanley will own the rights to develop, make and sell Craftsman products. The deal is expected to close this year. ... Read More »

Stanley to Sell Mechanical Security Business in $725M Deal

Stanley Black & Decker

Stanley Black & Decker has entered into an agreement to sell most of its commercial mechanical security business, according to the company. Swiss company Dormakaba will purchase Stanley’s commercial mechanical security brands Best Access, phi Precision and GMT for $725 million ... Read More »

NRHA State of Independents Conference Unites Industry

State of Independents Conference

Retailers, distributors and manufacturers who attended the North American Retail Hardware Association’s (NRHA) second annual State of Independents Conference now have a detailed understanding of the performance and direction of the independent home improvement industry. The one-day conference, sponsored by ... Read More »

STIHL Donates $100,000 for New Leadership Training Program

The North American Retail Hardware Association (NRHA) and STIHL Inc. have announced an exclusive partnership for developing the leadership skills of the next generation of independent home improvement retailers. The organizations made the announcement Dec. 8 at the NRHA State of Independents ... Read More »

Stanley to Buy $1.95B Tool Business, and It’s Not Craftsman

Stanley Black & Decker

Stanley Black & Decker hasn’t confirmed news that it was bidding on Sears’ Craftsman tool business, but the company has announced a different major acquisition. This week, Stanley reported it is buying Newell Brands’ tool business. This includes industrial cutting, hand ... Read More »