Taking Aim at Hardlines: SK was sold prior to the Stanley offer for Facom

Thursday, July 21, 2005

SK was sold prior to the Stanley offer for Facom

Earlier this week I wrote about the news that Stanley had made an offer for Facom. At that time, I wondered what would happen to SK. Little did I know at the time that Michel Moulin, President and CEO of SK had purchased the company from Facom back in May. This resolves the issue of how Stanley would handle SK, Proto and Mac. We now know that SK will continue to be a competitor to Proto and Mac.

The press release that I linked to in the title talks about the changes Michel has made at SK and their hopes for the future. It really sounds pretty interesting. Check it out.

1 Comments:

At 5:25 AM, Blogger Chaon said...

I think that SK was purchased from Facom by a whole group of upper manangement in SK. Something like 6 people total.

 

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