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.
SK Files for Sale to Ideal Industries
If you recall, SK Hand Tools recently declared bankruptcy. It was rumored that Ideal Industries would make a bid to buy the debt-stricken hand tool manufacturer. This rumor has turned out to be true, although the sale has not yet been finalized
SK Hand Tools Declares Bankruptcy!!
It’s official, SK Hand Tools has declared bankruptcy. Rumor of the bankruptcy was relayed by a GarageJournal forum member, and then confirmed by another after receiving an email from an SK distributor. It is also rumored that Ideal Industrials, who recently acquired Pratt-Read and Western Forge, is interested in buying up the company. We have our fingers crossed. If […]