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SK Tools files for Banruptcy

J

John Galt

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SK Hand Tool files Ch. 11 bankruptcy
By PTEN staff

On June 29, SK Hand Tool Corp. of Chicago filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Northern District of Illinois Eastern Division; the case, No. 10-28882, was assigned to Judge Eugene R. Wedoff.

The filing states that SK has been negotiating a purchase agreement with Ideal Industries, that the bankruptcy is expected to assist regarding SK’s debt load of more than $11.5 million.

More here...

http://www.pten.com/online/article.jsp?siteSection=6&id=1829&pageNum=1
 
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Hiball

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John Galt said:
Article is dated with todays date. There's been 3 threads already about already?
Click to expand...

Yeah they filed back in Late June, Its Ok.. your not the first one to re-hatch a subject. I think ill start a Dual 80 "Not Made in the US" later tonight. LOL
 
D

Diesel_Crawler

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Hiball said:
Yeah they filed back in Late June, Its Ok.. your not the first one to re-hatch a subject. I think ill start a Dual 80 "Not Made in the US" later tonight. LOL
Click to expand...

Hold on I will just walk down the street and toss a flare in the local gas stations tank. There would be alot less come of it then a "not made in USA" thread :lol_hitti
 
H

Hiball

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Ok.. Ill let it slide for now. Ill give it a couple weeks if the thread doesnt resurect itself, Well......
 
W

walrus

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Hiball said:
Yeah they filed back in Late June, Its Ok.. your not the first one to re-hatch a subject. I think ill start a Dual 80 "Not Made in the US" later tonight. LOL
Click to expand...

You would never do something like that.
 
E

ephotrod

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Really the dual 80's aren't made in the USA.








(sarcasm folks don't get all alarmed.)
 
F

fordbroncodave

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does any of its distributors replace broken tools or are they just not doing anything at the moment?
 
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mdbeck1

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fordbroncodave said:
does any of its distributors replace broken tools or are they just not doing anything at the moment?
Click to expand...

I've got a good friend that had his house burn down about a year ago. It included his and his Dad's collection of S&K tools. He called the local S&K dealer last week and was told that they would sell him all that he wanted from their local stock. They would not order anything for him since they did not know what was going to happen to the coompany.

He didn't ask about warranty stuff.
 
G

Griff93

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My local SK dealer warrantied a ratchet for me last week by putting a kit in it. I don't know if he will get reimbursed for the kit or not though.
 
E

ElasDray

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Idaho
No wonder the SK Torque wrench I ordered four months ago is still on g damn backorder.
I aint never getting it!!
 
R

rhandwor

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Oct 10, 2008
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Most sellers are selling all SK inventory. I got a new Sears catalog and it is loaded with Tors Plus and allen head sockets. Is Craftsman going to purchase the Torx and Allen socket line?
 
C

cglasgow

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Got behind an SK/Facom/Gearwrench truck today at lunch -- first one I can recall ever seeing. It was one of those Mercedes.... errr.... Dodge... errr.... Freightliner Sprint vans.

Not really relevant, just thought it was interesting....
 
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