Stanley bidding for Facom

Consolidation in the Hardware / Hardlines Industry continues and each change has the potential to dramatically alter how manufacturers go to market and the products available to consumers. Today's Wall Street Journal reported that Stanley placed a bid of 410 million EUROs for Facom. This would significantly expand Stanely's presence in Europe and has some interesting implications for the U.S. Market as well. It is interesting to think about how SK might fit into this equation. With a strong presence in both industrial and automotive, it will be interesting to see how this might be folded into Mac and Proto or left as a competitor.
This could be the shot in the arm that Stanley needed. It could also be another deterent to Snap-On raising their stock prices. In any event, it will be interesting to watch.