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Ahold starts 500 million-euro share-buyback program

BY Alaric DeArment

AMSTERDAM — Ahold is buying back about $650 million worth of shares, with plans to finalize the deal within 12 months, the Dutch retail company said Monday.

Ahold — which operates the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket banners and the Peapod online grocery service in the United States through its Ahold USA subsidiary — said the purpose of the share-buyback program was to return value to shareholders.

The company said the program would be executed within the limitations of existing authority granted at the its 2012 annual shareholder meeting and possibly authority proposed to shareholders at its annual meeting this year, which will take place in April.

 

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Stanley celebrates 50 years of PowerLock tape measure with special editions

BY Alaric DeArment

NEW BRITAIN, Conn. — Stanley Tools is celebrating the 50th anniversary of its launch of the PowerLock tape measure line by releasing a limited-edition series of five tape measures featuring new designs to highlight its history, the company said Friday.

The tributes include a replication of the original "Life Guard Yellow" design; a "Made in the USA" version; a version that celebrates its inclusion in the lunar landing gear of the Apollo 11; an homage to the "Badge of the Professional" name; and a nod to the company’s legacy of invention. The D-shaped PowerLock design was introduced in 1963 and included the world’s first coinable spring and sliding lock.

"We are excited to celebrate our heritage of innovation and proud of the fact that it continues to be manufactured with global materials in the original plant here in New Britain, Conn., USA," Stanley global product manager Tom Chang said. The tape measures will be available this month for $9.99.

 

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Convenient cleaning

BY DSN STAFF

RACINE, Wis. — SC Johnson’s new Windex Touch-Up Cleaner offers consumers a fast and convenient way to clean and sanitize the most frequently used surfaces in the home. An inventive new pump design makes it easy to clean and sanitize surfaces. A push on the pump applies the formula onto a paper towel, bath tissue or clean sponge, making cleanup convenient. Windex Touch-Up Cleaner is available in two varieties: Bathroom Fresh Scent and Kitchen Glistening Citrus Scent.

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