Archived from the Tools In Action forum (Hand Tools). This thread is read-only.
Various internet sources announced today that Bain Capitol LLC, which you may recognize as the American investment firm co-founded by Mitt Romney, is trying to acquire Apex Tool Group. Apex is the tool conglomerate that owns the following brands:
Airetool Crescent Jacobs Chuck Plumb Allen Delta Truck Boxes Jobox Quackenbush Apex Diamond K-D Tools Recoules Armstrong Tools DGD K&F Sata Atkins Dotco Lufkin Spline Gauges Belzer Erem Master Power Utica Campbell GearWrench Mayle Weller Cleco H.K. Porter Metronix Wiss Collins Iseli Nicholson Xcelite
Additionally, Apex is one of the several manufactures who makes tools under contract for Sears producing wrenches, ratchets, and sockets, for the Craftsman line. The deal is expected to exceed $1.5 Billion. I can only speculate as to what this means for we the consumers. Many of the Apex brands are already being manufactured in China so I guess it’s just wait and see.
Conductor562 wrote:
Various internet sources announced today that Bain Capitol LLC, which you may recognize as the American investment firm co-founded by Mitt Romney, is trying to acquire Apex Tool Group. Apex is the tool conglomerate that owns the following brands:
Airetool Crescent Jacobs Chuck Plumb Allen Delta Truck Boxes Jobox Quackenbush Apex Diamond K-D Tools Recoules Armstrong Tools DGD K&F Sata Atkins Dotco Lufkin Spline Gauges Belzer Erem Master Power Utica Campbell GearWrench Mayle Weller Cleco H.K. Porter Metronix Wiss Collins Iseli Nicholson Xcelite
Additionally, Apex is one of the several manufactures who makes tools under contract for Sears producing wrenches, ratchets, and sockets, for the Craftsman line. The deal is expected to exceed $1.5 Billion. I can only speculate as to what this means for we the consumers. Many of the Apex brands are already being manufactured in China so I guess it’s just wait and see.
My prediction, even more tools will end up being made in China….
That would be my guess.