Popular Woodworking has reported that Stanley Black & Decker is set to sell its Delta brand to TOTY, a Taiwanese company that currently produces many benchtop power tools for Black & Decker, Craftsman, and Ryobi.
The new company, Delta Power Equipment, will be run by Bryan Whiffen, who is currently listed as a senior VP for product development at Techtronic Industries North America (TTI). TTI currently owns Mikwaukee, AEG (maker of Ridgid power tools), and Ryobi.
Delta Power Equipment will continue producing “top-notch woodworking equipment” and their new operations will be based out of Anderson County, South Carolina.
Until the press release is publicly released, check out this blog post at Popular Woodworking for a few more details.
Edit: Here’s additional coverage via ToolSnob.