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 …
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NRHA State of Independents Conference Unites Industry
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 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 »Who Is Bidding on Sears’ Craftsman Business?
As Sears continues to search for ways to make its business profitable again, a bidding war may be underway for the company’s Craftsman tool business, Bloomberg reports. Earlier this year, Sears announced it was looking to generate more cash through its Craftsman, Kenmore …
Read More »STIHL Addresses Future Skills Gap With Manufacturing Camp
It started with learning how to conduct time studies and solder, morphed into lessons on team dynamics and production planning and ended with a robot building competition. Last week, STIHL Inc. hosted its fifth Annual Manufacturing Technology Summer Camp in …
Read More »Walmart Asks Suppliers to Drop Certain Chemicals
More consumers than ever are concerned about the chemicals found in everyday items inside their homes. To help relieve customers’ fears, Walmart is taking a stance by seeking to eliminate specific chemicals from thousands of products found on its store shelves. The company recently announced …
Read More »Bernzomatic Talks About RMCP Scholarship
“There’s a fire in everyone waiting to ignite,” says Mike Verne of Worthington Industries, parent company of Bernzomatic. That’s one of many reasons why Bernzomatic is sponsoring the Find Your Fire scholarship initiative for the North American Retail Hardware Association’s (NRHA) …
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