Delta Sale To Close February 4
We pretty much had our news on the Delta sale spot on, but for those looking for more information on the sale, I have attached the latest press release.
DELTA® Woodworking Machinery Has A New Home – In Anderson, South Carolina
(Anderson, SC, January 18, 2011) – Chang Type Industrial Co. Ltd., a Taiwan-based manufacturing company, has agreed to purchase the Delta brand of woodworking equipment and machinery from Stanley Black & Decker. The deal is expected to close on February 4, 2011.
The new, independent company, Delta Power Equipment Corporation, will be based in Anderson County, South Carolina and led by Bryan Whiffen, who has been named President & Chief Executive Officer. Norm MacDonald has also joined the company as an Executive Vice President & Chief Operating Officer. Both Whiffen and MacDonald have years of experience in the power tool industry, and have been responsible for manufacturing and marketing such brands as Ryobi, Homelite, Milwaukee and Ridgid.
The new Delta company will continue to provide a complete line of professional woodworking equipment and machinery, and will continue to build the world-class Unisaw, as well as the Biesemeyer® accessories, in the United States. Plans are to move the manufacturing equipment from Jackson, Tennessee to the company's facility in Anderson.
Once fully operational, the Anderson facility will include manufacturing, R&D, engineering, sales and administrative functions.
"We are pleased to be able to say that the Unisaw will continue to be made in the USA," said Whiffen. "We are also excited for this opportunity to invest in the great Delta brand so that we can bring high quality, innovative woodworking equipment to Delta's loyal customers.
Delta Power Equipment Corp. is working to ensure that the fine sales and service that Delta dealers and woodworkers have come to expect will continue.
"Stanley Black & Decker has been very supportive of this sale and have agreed to help us make the transition as seamless as possible for our dealers and our customers," added Whiffen.
Customers and dealers can continue to obtain information on sales and service for Delta woodworking equipment at www.deltamachinery.com.