Ideal Industries purchased the bankrupt SK Hand Tools last month, but at the time it was uncertain where the tools would be manufactured. Construction on a new facility has since began at Sycamore, IL.
The new facility is on track with a 12-week build time by Krusinski Construction, and is scheduled to be completed in January 2011. A reliable source (but not an insider) has discovered that Ideal plans to begin production at the new SK plant in Sycamore by February. Until then, new products will be manufactured in an existing Ideal plant.
These details are credible but we have not yet confirmed them with absolute certainty.