TOWSON, Md., Oct. 4 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) today announced that it has completed the purchase of
the Tools Group from Pentair, Inc. (NYSE: PNR) for approximately $775 million
in cash. The Tools Group, which includes the Porter-Cable, Delta, DeVilbiss
Air Power, Oldham Saw, and FLEX businesses, had sales of $1.08 billion and
operating profit of $82 million in 2003.
In addition, the Corporation will discuss its third-quarter results and
the outlook for the remainder of 2004 during a conference call on Wednesday,
October 27, 2004, following the release of its third-quarter 2004 results.
The call is scheduled to begin at 10:00 a.m., E.T., and will be webcast "live"
over the Internet. Investors can listen to the call by visiting
http://www.bdk.com and clicking on the icon labeled "Live Webcast." It is
recommended that listeners log-in at least ten minutes prior to the beginning
of the call to assure timely access. A webcast replay of the conference call
will be available at http://www.bdk.com.
Black & Decker is a leading global manufacturer and marketer of power
tools and accessories, hardware and home improvement products, and technology-
based fastening systems.
CONTACT: Barbara B. Lucas, Senior Vice President, Public Affairs,
+1-410-716-2980; or Mark M. Rothleitner, Vice President, Investor Relations
and Treasurer, +1-410-716-3979, both of The Black & Decker Corporation
