EX-99
2
form8k10042004b.txt
PRESS RELEASE DATED 10/04/2004
Contact: Barbara B. Lucas
Senior Vice President
Public Affairs
410-716-2980
Mark M. Rothleitner
Vice President
Investor Relations and Treasurer
410-716-3979
FOR IMMEDIATE RELEASE: Monday, October 4, 2004
Subject: Black & Decker Finalizes the Acquisition of Pentair's Tools Group
Towson, MD - 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.
# # #

EX - 99 2 form8k10042004b . txt PRESS RELEASE DATED 10 / 04 / 2004 Contact : Barbara B. Lucas Senior Vice President Public Affairs 410 - 716 - 2980 Mark M. Rothleitner Vice President Investor Relations and Treasurer 410 - 716 - 3979 FOR IMMEDIATE RELEASE : Monday , October 4 , 2004 Subject : Black & Decker Finalizes the Acquisition of Pentair 's Tools Group Towson , MD - 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 . # # #