Danaher Spins Off Tool Groups

[anndel]

I don't know if you read this, Danaher Corp., the parent company of Fluke, Matco Tools, etc., spun off these companies to form Fortive.

http://finance.yahoo.com/news/danaher-completes-fortive-spin-off-125312990.html

 

[bob15]

Looks like Danaher is concentrating on the medical and more specifically, the dental field.

http://www.danaher.com/our-businesses/business-directory

 

[LXCam]

Maybe they over leveraged themselves and split those off so they could file BK if it doesn't pan out. Just saying

 

[T45]

Thos dental/medical tools are supposed to be really good I thought. Also they are hella pricy and margins are probably outta this world. Healthcare tech is a growth biz, and auto seems to be in more of a flat/decline vs the 20th c when it was on the ascent.

The client base for military/industry/automotive and dental/medical don't really overlap either, or offer synergies for marketing/sales or strategy.

IMHO this is not a crazy or panic type thing but some rationalization after a large M&A spree to assemble all these companies.

No idea on direction or quality of management of the tool biz tho.

Will be interesting

 

[Htruck]

"The split will enable both the companies to be more focused and nimble in their respective growth strategies, and will help them deliver on strategic priorities by pursuing high impact prospects."

"Notably, Fortive has established a strong financial, legal and organizational structure, which indicates bright prospects ahead."

I remember taking some business classes in college, and in one particular exercise they had us make up "mission statements" with all of these over-hyped, meaningless buzzwords. I guess what I'm trying to say is... this press release sounds like a bunch of **** 19-year-old me could have made up.

The impression I'm left with is business isn't booming, and to hedge their bets against the future they legally separated the risky bits. And if things should somehow manage to go well, they'll just purchase the competition and fold them into the fray.

I don't know if you read this, Danaher Corp., the parent company of Fluke, Matco Tools, etc., spun off this companies to form Fortive.

http://finance.yahoo.com/news/danaher-completes-fortive-spin-off-125312990.html

 

[SMKS]

So, why didn't they just previously spin off Marco with the rest of their tool brands several years ago when they created Apex, along with Cooper.

They spun off all their hand tool brands into Apex, except Marco, which a few years later they spun off into another tool group.

 

[LB-1911]

I don't know if you read this, Danaher Corp., the parent company of Fluke, Matco Tools, etc., spun off these companies to form Fortive.

http://finance.yahoo.com/news/danaher-completes-fortive-spin-off-125312990.html

It just took some time to complete the transactions

12-24-2015
Matco Tools now owned by Fortive Corporation

Here's the news release for those that own Matco Tools... This has been in the works since the announcement in Q1 2015.

http://www.danaher.com/news/news-re...ed-industrial-growth-company-be-named-fortive

Be prepared to see M&A actiivity in the tools segment - Fortive will be looking at the growth line to meet objectives.

http://www.fortive.com/index.html

.

 

[anndel]

It just took some time to complete the transactions

12-24-2015
Matco Tools now owned by Fortive Corporation

Maybe Fortive through M&A will acquire Craftsman from Sears Holdings.

 

[Wamsutta]

I wish it would rotate full circle and restore all the brands under Cooper Tools and make them in USA.

 

[Skin]

Maybe Fortive through M&A will acquire Craftsman from Sears Holdings.

And they'd still just be a brand with no actual manufacturing capability except for the tool box plant. Best chance for Matco came and went when Danaher closed or retooled all their plants during the Apex change. If they planned it out and got Matco a dedicated facility or two so they could actually make some tools....well, why they didn't is a bit of a mystery to me-aside from the obvious reasoning, Danaher doesn't give a damn about Matco.