Content about Danaher

October 10, 2012

Sparks, Md.-based Apex Tool Group, the maker of Craftsman hand tools, Lufkin tape rules and Crescent wrenches, among other products, is being sold to Bain Capital Partners. 

The deal is valued at about $1.6 billion, slightly more than Apex’s $1.5 billion in annual revenue. 

Apex is owned equally by Danaher and Cooper, two manufacturers that combined their tool businesses in July 2010 with the formation of Apex. 

April 14, 2012

X-Rite, Inc., parent company of design industry color provider Pantone, has agreed to be purchased by Danaher through a cash tender offer to acquire all of the outstanding shares of common stock at a purchase price of $5.55 per share. The deal is valued at approximately $625 million, including debt assumed and net of cash acquired.

X-Rite develops, manufactures, markets and supports innovative color solutions through measurement systems, software, color standards and services. Upon closing, X-Rite will be part of Danaher's product identification group.