PONY Tools closing?? - Router Forums
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post #1 of 26 (permalink) Old 06-01-2016, 09:52 PM Thread Starter
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Default PONY Tools closing??

From the Lost Art Press dated 5/30/'16 and posted by Christopher Schwarz:

"Pony Tools, which has made clamps in the United States since its founding in 1903, closed its doors earlier this month in an announcement that surprised woodworkers and other toolmakers.

"However, the Easy Wood Tools subsidiary that Pony purchased last year, is continuing to operate and fill orders, according to company officials.

"Details about the closure are scarce. The phone number for Pony’s public relations officer is no longer functioning and calls to the Chicago headquarters have been unanswered.

"However Douglas Holman, the chairman and owner of Pony (and great-great grandson of the founder), issued a statement about the closing through Easy Wood’s social media:

“ 'I am writing to inform you that on May 19, 2016, Adjustable Clamp Company d/b/a Pony Tools Inc. informed its Chicago employees that it was suspending operations in Chicago effective immediately. While this step was necessary due to issues unique to the Chicago business, the Company’s Easy Wood Tools division remains open and continues to operate its business. It is our hope that there will be minimal, if any, disruption to the business of Easy Wood Tools. This suspension of operations in Chicago has not affected our ability to fill Easy Wood Tools orders.'

"The company is looking at all options in order to enable Easy Wood Tools to continue to operate. We are hopeful that you will continue to support Easy Wood Tools during this transition and we appreciate your past support. We will put forth our best efforts to keep you updated as more information becomes available.”

"Pony’s orange clamps and wooden handscrews have been ubiquitous sights in woodworking shops all over the world.

"While it seems Holman’s statement leaves the door open for the company to resume operations, perhaps under new ownership, you might want to stock up on orange clamps nonetheless.

Read all 'bout it:
https://blog.lostartpress.com/2016/0...ds-operations/

Last edited by Ray Newman; 06-01-2016 at 09:55 PM.
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post #2 of 26 (permalink) Old 06-01-2016, 10:14 PM
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that sucks...

This would have been the week that I'd have finished chewing thru the restraints...
If only new layers hadn't been added....

Stick....
Forget the primal scream, just ROAR!!!
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post #3 of 26 (permalink) Old 06-02-2016, 12:37 AM
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I agree, that sucks. In my opinion the Jorgensen clamps were the best there were for the money.

Someone I consider a master woodworker once told me that a master woodworker is not someone who never makes mistakes. He is someone who is able to cover them up so that no one can tell.
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post #4 of 26 (permalink) Old 06-02-2016, 01:55 AM
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I guess they got squeezed out...
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post #5 of 26 (permalink) Old 06-02-2016, 02:15 AM
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Quote:
Originally Posted by DaninVan View Post
I guess they got squeezed out...
was one of your jobs Vaudeville..
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This would have been the week that I'd have finished chewing thru the restraints...
If only new layers hadn't been added....

Stick....
Forget the primal scream, just ROAR!!!
"SNORK Mountain Congressional Library and Taxidermy”
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post #6 of 26 (permalink) Old 06-02-2016, 10:53 AM
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Does the following paragraph from the referenced article indicate that there may be a forthcoming problem with Easy Wood Tools? I have a few of them although I think they are grossly overpriced. I also have some I made from bar stock and purchased cutters from other sources.


“The company is looking at all options in order to enable Easy Wood Tools to continue to operate. We are hopeful that you will continue to support Easy Wood Tools during this transition and we appreciate your past support. We will put forth our best efforts to keep you updated as more information becomes available.”
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post #7 of 26 (permalink) Old 06-02-2016, 11:00 AM
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Yeh, that's what I was thinking, Richard. Sounds pretty bleak.
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post #8 of 26 (permalink) Old 06-02-2016, 02:06 PM
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Maybe the Exec bonuses killed the company.

Herb
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post #9 of 26 (permalink) Old 06-02-2016, 02:11 PM
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Wouldn't be the first company the execs killed.
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post #10 of 26 (permalink) Old 06-02-2016, 06:55 PM
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Maybe someone will buy it and reopen it soon.

Don in Murfreesboro,Tn.

Measure once cut twice and it's still to short.
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