Friday, January 11, 2008

News from this Week


None of this is late-breaking or hot off the presses, it was already reported by Babcox previously this week, but in case you didn't see it, I thought I'd repeat it here.

Bob Pond dropped me a note to announce the 100 Year Anniversary of Central Tools, in Cranston RI. That's exciting stuff! There are a handful of tool and equipment manufacturers in our market that can make that claim, but not many. So many tool companies have been purchased or merged or simply gone out of business. Congratulations Bob, Bruce Dawson, and the rest of the Central Tools team on a significant accomplishment. Best wishes for another hundred years of success!

And, speaking of a 100-year-old company, allow me to shamelessly segue into another announcement. Yesterday, my old alma-mater, Ken-Tool made a joint announcement with Mayhew Tools about a deal they are working on. Mayhew is planning to acquire the brand name, assets, and manufacturing capabilities for the Oldforge and Carica brands. Congratulations to both companies, and the principals involved: Alec Pendleton and John Lawless! (By the way, it is Mayhew who celebrated 100 years last year.)

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