Bain Capitol buys Craftsman Tools - Good Bye USA made

[FreakinDJ]

The Wall st. Out-Source Monkeys are at it again and another American Icon goes to China

Bain Capital Said to Be in Advanced Talks to Acquire Apex Tool

Bain Capital LLC is in advanced talks to buy Apex Tool Group LLC, the maker of Craftsman hand tools that is owned by Danaher Corp. (DHR) and Cooper Industries Plc (CBE), said a person with knowledge of the matter.

http://www.businessweek.com/news/2012-09-20/bain-capital-said-to-be-in-advanced-talks-to-acquire-apex-tool

[RKP5637]

1. I was reading someplace, maybe DU, that Craftsman Tools aren't what they used to be. I used to

buy Craftsman Tools all the time when I was more active working on things. They were rugged and had the lifetime guarantee.

[JHB]

2. Yes, there was a thread on that in the past few days.

Do a search or look back through recent posts, you'll find it.

[FreakinDJ]

3. I just bought a bunch of Craftsman made in USA tools last night

The Industrial Series Craftsman Tools which are even better then the ones the sell in the Sears stores and are all made in USA

[obxhead]

9. I know their outdoor power equipment is total crap now.

I won't ever by another gas powered Craftsman tool.

As for their tools now, you have to be careful. They don't necessarily have a lifetime warranty. Not sure who bought what, but you can also get Craftsman tools in Kmart as well now.

I generally find that the overall quality has gone in the crapper. returned a ratchet a few months ago. I've used it three times and it's already falling apart again.

[FreakinDJ]

13. ever since we "Outsourced" our raw materials to China

and thanks to Wall st. for manipulating the price of raw materials in the USA. The Chinese can produce the part cheaper then our american manufactures can buy the raw materials to manufacture the part.

Wall St. did for metals the same thing they did to the cost of a barrel of oil but no body said nothing about it because the average american citizen doesn't go buying several tons of Aluminum ingots every day

[RKP5637]

14. For power tools I just get Dewalt or Makita anymore. I've also gotten

a couple of Ryobi power tools for limited use and they were great, but that's a few years back. I did buy a craftsman hammer drill, large one, about 12 years ago and it's been great. Growing up I always bought Craftsman, they were legendary. I haven't been buying many tools anymore, I have enough to fill my garage and part of my basement. Now I've been trying to downsize wondering why did I ever by this. LOL

[1-Old-Man]

4. No great loss, Craftsman Tools turned to shit a long long time ago

They are really bottom basement junk now days for the most part - and that description covers any and all of their power tools, which are about the worst of the worst.

[FreakinDJ]

5. Every job shipped to China is a great loss

unless of course you prefer the economic state we are currently in

[RKP5637]

6. What really irks me is not only jobs going to China, but

the crap we get from China. The Chinese know how to make quality products, but what I've heard is the US buyers(corps.) insist on such low cost items, that the only thing they can supply is cheap crap. So, we get hit both ways by the corporate hoodlums, jobs shipped off shore and also crap shipped here.

[KT2000]

7. already made in China

Danaher is a holding company that does the same thing as private equity firms such as Bain.
They have purchased lots of companies and sent the work to China.

[FreakinDJ]

8. I just bought USA made Craftsman tools last night

yes the China made stuff is already on the shelves in Canada

[RKP5637]

15. It sounds like you got the ones!!!

[FreakinDJ]

12. And we wonder why the Economy is in the Toilet

we can't just form a huge circle and "Service" each other

[grasswire]

16. look for older tools at garage sales and second-hand stores

I guess that will be the smart thing to do now.

[obxhead]

17. Snap on builds a quality tool still.

Not cheap, but they're good tools still.

[lumberjack_jeff]

18. One of the reasons that the shop rate at the local mechanic is $85/hour

Snap on is ridiculously overpriced. Craftsman hand tools were good USA made tools for a pretty fair price.

Crap. Fuck Bain.

[jsr]

19. More jobs for China