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The plan was to produce spare parts for the old tools sold by Magna and Yuba, but the company soon decided to start selling complete tools based on the popular and robust Mark V. [1] The company moved to Dayton, Ohio in the late 1970s. [2] Around the end of 1981 McGraw-Edison sold its power-tool division to
In 1963, company's headquarters were relocated to Hebron, Illinois. In 1993, the company became the first striking tool manufacturer to receive ISO 9002 certification. [4] The company announced plans to close in 2024 due to financial difficulties, but was acquired in May of that year by Marshalltown Hammer, a division of the Marshalltown ...
Snap-on walk-in dealer van in Westland, Michigan A Snap-on ratcheting screwdriver. Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry including the automotive, heavy duty, equipment, marine, aviation, and railroad industries.
The Chemours Company (CC) -- the maker of Teflon -- is a materials science company that is a spinout of DuPon, explains David Fried, editor of the specialized advisory service, The Buyback Letter.
On April 19, 2022, Spectris announced the sale of Omega Engineering to Arcline Investment Management for $525 million. [16] This was more than $100 million above the Net Book Value subsequent to the goodwill writeoff that Spectris previously took. Spectris announced a $390 million stock buyback as a result of the sale. [6]
Illinois Tool Works has crafted a higher payout for its shareholders. The company declared a quarterly distribution of $0.42 per share, to be paid on October 8 to shareholders of record as of ...
The company was based at the Lordstown Assembly plant, previously a General Motors factory. [2] Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its September 2023 bankruptcy restructuring as Nu Ride Inc., headquartered in New York City. [3] [4]
The new buyback authorization comes as an accelerated $10 billion share repurchase program announced in November 2023 is expected to be completed by the end of this month.