SK Hand Tools Files for Bankruptcy

July 2nd, 2010 by Jim German Leave a reply »

SK  Tools has been running into alot of trouble recently, and it has finally come to a head with them filing for Chapter 11 Bankruptcy protection.  The company has had a handful of owners in the last 20 years,  most recently being bought out by the management in May of 2005 after the previous owner, the French conglomerate FACOM was bought by Stanley.   A strike 10-week strike that ended in November, as well as other recent management shakeups seem to have been more than the company could handle, and thus the bankruptcy filing.  When we tried to contact SK Tools on the filing, no response was given, and thus the future of the company, as well as the handling of warranty claims is still in doubt.

Source: US Bankruptcy Court Via: ToolGyd

Update:  Check out this post with some updated information including a potential sale.



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