HBSDealer Stock Watch: A good day for the Bears
The majority of home channel stocks retreated for the second day in a row, with the biggest decliner LOW, down 4.5%. Other decliners were HBP, down 3.2%; TSCO, down 2.5%; and JELD, down 2.4%.
Milwaukee builds in Mississippi
Milwaukee Tool is expanding operations at three Mississippi locations, investing $33.4 million and creating 660 jobs, the company said. The expansions are planned for the company’s sites in Greenwood, Jackson and Olive Branch.
Milwaukee Tool will create the additional jobs at all three of its Mississippi facilities over the next four years to accommodate cordless power tool manufacturing, accessory manufacturing and additional distribution capacity. The announcement was made with the help of Mississippi Gov. Phil Bryant, who said the state values its partnership with the tool maker
Milwaukee executives described a corporate effort to drive growth and create jobs in the United States.
“We currently employ over 3,500 people in the USA, more than 1,600 of which are in Mississippi,” said Milwaukee Tool Group President Steve Richman. “We are deeply committed to investing in our people as we continue to deliver disruptive innovation and the highest quality products for our users and distribution partners.”
The Mississippi Development Authority is providing assistance for building renovations and site improvements at Milwaukee Tool’s Jackson and Olive Branch locations. MDA is providing assistance for public infrastructure improvements at the Greenwood location. The city of Greenwood is receiving a loan through MDA for the purchase of an existing building and parking lot improvements.
Kapro brings levels into the Red zone
Lake Mills, Wis.-based Kapro Tools introduced a line of Optivision Red leveling products designed for increased accuracy.
Kapro’s patented Optivision vial features an easy-to-read vial bubble with super defined edges and strong surrounding color definition, as well as an extra set of reading lines for setting gradients at 1 and 2 percent. The Optivision Red’s unique epoxy-locked tilted setting offers a direct line of sight to the bubble, which makes reading the vial easy and provides more precise results, the company says.
“Kapro’s patented RedEffect is a proven attention-getter on the worksite,” said Gal Wollach, VP of business development at Kapro Tools. “In addition to standing out in the toolbox, Kapro’s industry-leading OPTIVISION products deliver more precise leveling results in the high-quality, durable construction professionals seek.”
The Optivision line includes the 905 Condor Box Level, 935 OPTIVISION Red 10-inch Toolbox Level, 946 Smarty 4-inch Magnetic Pocket Level and 930 SmartCast Heavy-Duty Mason’s Level.