Ace Hardware Corp. is inviting entrepreneurs to show off their best product innovations at its first Maker to Market event. Formerly known as Open Buying Day, Ace’s new Maker to Market event will offer attendees opportunities to pitch their products to a panel of …
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Fred Whyte, Former President of STIHL Inc., Dies at 70
Fred Whyte, power tool icon and former president of STIHL Inc., died on July 7 surrounded by family and friends at his Virginia Beach, Virginia, home. The “Man of STIHL” was 70 years old. Originally from Vancouver, British Columbia, Whyte began …
Read More »Sherwin-Williams’ Valspar Acquisition Approved
Last Friday, federal regulators approved Sherwin-Williams’ acquisition of Valspar Corp. as both companies agreed to sell Valspar’s North American Industrial Wood Coatings Business, reports Reuters. Valspar sold its coatings business, which manufactures stains, sealants and other coatings products, to Axalta in …
Read More »Ace Hardware’s Frank Carroll Departing to Lead Manufacturer
Frank Carroll, vice president of merchandising for Ace Hardware Corp., is leaving the cooperative to become CEO of manufacturer Broan-NuTone. Carroll has worked for Ace since 2013, when he joined the company in the position of general merchandise manager. Carroll’s …
Read More »Delay Likely for Sherwin-Williams’ Purchase of 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
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 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
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. …
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