Iwouldn't doubt the veracity of the post, though, and it's all due to
that BFU gray paint they use. Honest.
Remember: Every silver lining has a cloud.
http://diversify.com Comprehensive Website Development
However, I would expect that to be big corporate news, haven't found
anything on either www.pentair.com nor on www.deltawoodworking.com unless
David is privy to information from an insider (who would most likely lose
body parts then be fired for disclosing such information), I would expect
to see this kind of news announced on both websites. Nothing on
I havn't heard any specific news either, but I do own a (very) little
Pentair stock so I follow the company's corporate news. Pentair buys
and sells companies and gets in and out of businesses on a regular
basis. The direction d'jour seems to be towards building their water
handling businesses (pumps, waste water handling, pool equipment, etc)
and getting away from their tool businesses (of which Delta is only one
of several). Seeing Pentair sell off Delta would not surprise me at all.
On Thu, 20 May 2004 16:22:54 -0400, "Jon Endres, PE"
It may still happen, but given that the corporations involved have made
no announcements, all this remains is a rumor. Given the various SEC laws
regarding these kinds of transactions, it is highly unlikely that an
employee of a customer of one of those companies would be the first to
start spreading the word.
Having had first-hand experience with being acquired by a different
company, it is one thing to know that your division is on the block, it is
entirely another thing to know who is actually buying that division.
Yahoo Finance has the latest Pentair
This is a quote from that filing:
On March 16, 2004 we finalized an $850 million committed line of
credit (the "Bridge Facility"). The Bridge Facility is available for a
period up to the earlier of (i) September 1, 2004, (ii) the closing of
the WICOR acquisition without the use of the Bridge Facility or (iii)
the sale of the Pentair Tools Group.
email@example.com (Jim) wrote in message
Here is another quote from that filing (emphasis added)
"The term loan to be made under the Bridge Facility (the "Loan") is
for the purpose of payment of the purchase price and related fees and
expenses upon closing of the WICOR acquisition. The closing of the
Loan must occur before September 1, 2004. Any balance due under the
Loan is repayable in full, with accrued interest, no later than
December 31, 2004. We will need to fund the repayment of the Bridge
Facility BY DECEMBER 31,2004 through a DISPOSITION OF OUR TOOLS GROUP
or through a debt or equity issuance."
Oddly enough, the only Delta tools I own are a 1950 unisaw, a 1972
delta/rockwell jointer, and a 1995 delta tenon jig which I still have never
used. I don't think I'll miss this sale too much. However, I do feel bad
All my Delta stuff is early '90s back to the '50s, too. The big thing I'd be
worried about is parts and tech support. Ryobi's is ghastly. Also, when
Techtronics (Ryobi's parent) bought Homelite a while ago, all the product
information and parts more than 10 or so years old dissapeared.
Sears sells a lot of Ryobi stuff, and they are usually very good about
stocking parts for anything they sell. I was able to get parts for my
BT-3000 though Sears (ordered right off the Sears web site).
There's a huge difference. Delta is legendary for its parts supply.
The BT3K has been around for what, a dozen years? Big deal having
parts available that long. I've heard that Delta can still supply
parts for tools built in the '40s.
I have a 1950s Model 100 Craftsman saw. I doubt there's a single part
on it I could get replaced (if I wanted to; I have a Unisaw coming
Thursday) other than a standard hardware store nut or bolt. You can
expect Sears will stand behind that Ryobi stuff just as well.
Master Woodbutcher and seasoned termite
Shamelessly whoring my website since 1999
A lot of people talk about parts. Are all of you having to
replace a lot of stuff on a regular basis?
UA100, who can't remember the last time he had to replace a
part and has a wee bit of Delta in his shoppe...
The problem I have had with Ryobi products is poor availability of replacement
parts. However, I recently needed two switches for Ryobi 18 volt drills and was
pleased to find the switches and parts for many Ryobi products are available at
Ordertree.com. Had the parts in four days. Reasonable price too.
I was a Homelite sevice dealer from '84 to '89. Homelite was a dying company
at that time. Funny to see how a company that was big on chain saws now only
sells three differant models! The line has been cut to the bones. I am
surprised that the construction site de-watering pumps are still around.
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