Danaher and Cooper to sell Apex?

According to reports in the financial media Danaher and Cooper are looking to sell their joint tool enterprise.

The financial pundits are claiming about 1.5 billion dollars will be realized from the sale.

A big question is, Is this why Craftsman tools are now all being sourced in China. Don’t believe me? Look at the fine print on the back of the packages. Most of the new items say made in China.

What effect if any this will have on the tool buying public remains to be seen. However in my opinion it is another example of a company destroying a once great brand.