Hey Doc I ordered all those eagle grips and one came with that tag like you got on yours, but the rest were in plastic bags with a simple small white sticker. I was confused too so I called them up. It’s really simple. Snapon bought the rights to the pliers and all the tooling to build them. I asked anything still being sold is old stock? She said yes they still have a few pallets left. So anything we’re buying now will run out soon. Packaging won’t be made anymore either that’s why I got plastic bags. Also the price being liquidation level makes sense too. They prob have a deal with snapon to sell cheap because snapon what’s the brand name off the shelves. So buy them up this won’t last. Love your videos.
The cheap prices probably isn't a deal with Snap-on at all. It's just typical liquidation, get the stock gone and get money in their pockets to make up for the business failure. Unsold inventory isn't helpful in recouping costs, and if they did happen to be in 1 of the 11 states that charge an inventory tax (they're not though) it actively costs money just to have them around at all. This is in addition to storage costs etc. Storage space taken up by a discontinued product is storage that can't be used for current production or for beginning initial stockpile on new products. They're also trying to sell the building and getting that all cleared out would be helpful since if they find a buyer anything that's left over is gonna have to be freighted somewhere else if it hasn't been already.
I ordered a pair from Amazon when there was the rush to grab the remaining stock a while ago. I got a rusty old stapler instead. Some criminal on Amazon was cashing in on the panic buying.
Thanks for the heads up Doc, I bought a bunch of Malco‘s on your last video when you mentioned it looked like they were on the final days before the Snap on buyout. Just went over to Amazon and grab these ( 4 left ) and I noticed they had a needle does locking plier set that I didn’t have for just over $30.00 and added them to my cart as well. Great deals for USA made locking pliers that I don’t think they’re gonna last at this price for much longer
As Doc said the ship date is pushed out for over a month on Amazon. LP5LN6 is the part number and was charged $30.59 the 6” long nose locking pliers. As of now Amazon shows they’re currently unavailable, but keep an eye on it and hopefully things will change
Malco clearly manufactured more than they led people to believe. The fact that they had enough inventory at closing to continue sales well into 2 years later is really incredible
Glad I was able to buy a couple of Malco’s before they’re gone from the market. Snap On’s sticker prices are always insane. Top notch tools of course, I mean, they probably bought the plant from Malco for these and the Williams merger happened a long time ago, quality tools the two of them. Just too much cash. Warranty is fast though. It’s upsetting when a tool gets good and suddenly you see it branded as Snap On. Not much longer until it becomes a Snap On exclusive.
That's all left over from malco now .....snap on bought the malco plant now and they mski g for snap on now too...at ridiculous prices for snap on too...
Well don't complain now, it's too late if everyone was as eager to support Malco before they were forced to shut down or sell we would be able to buy USA made locking pliers at an affordable cost. They are far better made than the cheap Asian made ones.
Snap on did not buy the plant but did buy some of the tooling and patents. A ton of new old stock still exists and is being closed out. The tiny pliers were a Snap on exclusive and only available from them. Harry J. Epstien has them for even less than Amazon.
There are a few floating around, they're a rarity. HJE got 30-some of them in which is all that was on their inventory list from Malco. They'll be sold as part of the Epstein Day sale.
I don't deny the left-over stock is a great deal but there's no warranty left when they go beyond what the seller is going to cover. Knipex makes a darn good set and they're covered by warranty and cheaper than Snap-On.
$100 for the Snap On name? That's cheap! What's going on is a variety of liquidators bought up the old Malcos, ...and the Malcos haven't really been selling very well... So, over the past 2 years, they've been dropping the price from $79 to $59 to $45 to now $35. Snap On can get away with high prices, but a quick flipping resellers have to move product, and the reality is the competition for these type of pliers sells in the $4 - $20 range. And there are some good ones in that range, ie the Craftsman (from China) for $12.
Thank you for that possible explanation. The Amazon store I've just ordered from, JBTools, must be one of those 'liquidators / quick flipping resellers' as you said.
The Stanley fatmax locking pliers have the best design in my opinion. Being able to slide a tab and lock the pliers from being able to open really helps out sometimes.
You are paying 100 xtra bucks for the stamping of the SnapOn brand .... I know i would not pay that much for them even if they were not campared like you showed them . A 10 c-clamp from some hardware store is alot cheaper ...lol Then again Snappy has gotten out of there minds with most prices !!
Gotta pay the tool man. The Malcos will be used by the homeowner and never warrantied, the snap-on's will be abused to s*** and warrantied. There's your price difference.
A Milwaukee power tool will be used and abused on a job site and has a 5 year warranty. A Snap-on power tool will be used and abused in a garage and has what is it, 1 year or 2 years warranty, for a lot more money. The Malcos were very popular for professionals as well, anyone who wasn't welding since they knew the spatter would affect them and the amount of clamps they need made the Malco uneconomical. But plenty of Eagle Grips in garages already in Eagle Grip form, and before the shutdown they also offered lifetime warranty. Warranty isn't really a good argument for Snap-on's price when both brands showed up in shops and had lifetime warranty, and when Snap-on has *inferior* warranties on other product classes on *inferior* products yet still demands a decidedly *superior* price. This is backed up by their very very healthy margins on their balance sheets, which is freely available online since they're public.
F snap on. I just don't see why people support a company like that... Ripping off hard working, blue collar Americans. The very people they claim to support!! You can still get a high quality tool for a fraction of the price from other companies. There are several other Japanese, German, USA, and even some Taiwanese manufactured tools that are excellent quality for a fraction of the price. People are so narrow minded and so stuck on the tool saying "made in usa", that they think nobody else can make a quality tool... That may have been the case 20+ years ago, but in this day and age, it just isn't the case anymore. Look at caterpillar for example. They sell many of the same tools that snap on sells, but for half the price, and they still are making a healthy profit margin. Its like buying a Gucci purse. You're paying ridiculous prices for the name only. You can still get a high quality leather purse that doesn't say Gucci for a fraction of the price.
RIP OFF !!!!! Snap on sit on their hands for more than a decade saying " some dude still believe the name is everything " 😂😂😂 you have brand name that are equal or better than Snap on today at a fraction of the price
Hey Doc I ordered all those eagle grips and one came with that tag like you got on yours, but the rest were in plastic bags with a simple small white sticker. I was confused too so I called them up. It’s really simple. Snapon bought the rights to the pliers and all the tooling to build them. I asked anything still being sold is old stock? She said yes they still have a few pallets left. So anything we’re buying now will run out soon. Packaging won’t be made anymore either that’s why I got plastic bags. Also the price being liquidation level makes sense too. They prob have a deal with snapon to sell cheap because snapon what’s the brand name off the shelves. So buy them up this won’t last. Love your videos.
Why buy them all? Are you reselling?
@@MPD90 haha sorry I meant all the models. Definitely didn’t buy all the stock. Thanks
@@NickMango Ah right, that makes more sense! 🙂
The cheap prices probably isn't a deal with Snap-on at all. It's just typical liquidation, get the stock gone and get money in their pockets to make up for the business failure. Unsold inventory isn't helpful in recouping costs, and if they did happen to be in 1 of the 11 states that charge an inventory tax (they're not though) it actively costs money just to have them around at all.
This is in addition to storage costs etc. Storage space taken up by a discontinued product is storage that can't be used for current production or for beginning initial stockpile on new products. They're also trying to sell the building and getting that all cleared out would be helpful since if they find a buyer anything that's left over is gonna have to be freighted somewhere else if it hasn't been already.
I ordered a pair from Amazon when there was the rush to grab the remaining stock a while ago. I got a rusty old stapler instead. Some criminal on Amazon was cashing in on the panic buying.
That's an incredible price difference. Thanks for the information Doc
Thank you! Picked up a few.
Many moons ago, I bought a set of 4 of these from Northern Tool for around $50. With the swivel jaw pads. Still working great today.
Ordered,,,these work great to hold mower blades for sharpening with angle grinder……
Thanks for the heads up Doc, I bought a bunch of Malco‘s on your last video when you mentioned it looked like they were on the final days before the Snap on buyout.
Just went over to Amazon and grab these ( 4 left ) and I noticed they had a needle does locking plier set that I didn’t have for just over $30.00 and added them to my cart as well.
Great deals for USA made locking pliers that I don’t think they’re gonna last at this price for much longer
On my end, the shipping date on the 6” needle nose is 1-2 months! I decided to buy a pair just to see what happens.
I also grabbed a pair of those. We'll see @@lastbesttool
@@lastbesttoolwhere are these long nose locking pliers? I can't find them anywhere on Amazon?? Please post a link!!
Please post a link for long nose malcos!! Can't find them anywhere!! Thanks
As Doc said the ship date is pushed out for over a month on Amazon. LP5LN6 is the part number and was charged $30.59 the 6” long nose locking pliers.
As of now Amazon shows they’re currently unavailable, but keep an eye on it and hopefully things will change
Malco seems to be going for the automotive detailing sector
Malco clearly manufactured more than they led people to believe. The fact that they had enough inventory at closing to continue sales well into 2 years later is really incredible
I see the Malco long nose locking pliers are in stock so I ordered those.
Can you please post a link? I can't seem to find them. Thanks
amzn.to/45E3IFX It appears they are sold out now from that vendor.
Glad I was able to buy a couple of Malco’s before they’re gone from the market. Snap On’s sticker prices are always insane. Top notch tools of course, I mean, they probably bought the plant from Malco for these and the Williams merger happened a long time ago, quality tools the two of them. Just too much cash. Warranty is fast though. It’s upsetting when a tool gets good and suddenly you see it branded as Snap On. Not much longer until it becomes a Snap On exclusive.
I have fomo even though I have a assload of the swivel clamps when they liquidated. I want 10 or 20 more, best clamps I used for aircraft body work
The 5 inch eagle grip was not in their 2022 catalog. Seemed to be exclusive to Snap-On.
I grabbed several of the Malcos once I heard they were going belly up too. I'm not sure what is going on.
Yeah i picked up a cpl after your last video and i have fallin in love. The long nose have been unavailable however
The Long Nose Eagle Grips are $30.56 on Amazon right now.
Where? There are no long nose Malco locking pliers available on Amazon at all?? Can you please post the link?
Link rn
Like the SnapOn screwdriver set thats the same as a CAT set for 4x the price.
Snap-on tax = multiply by 4
Not always! I was looking g to buy some bahco Swedish pipe wrench and surprisingly the snap on guy got me a better deal than I could find online 🤷
What's made by Malco Factory shut down in 2022
That's all left over from malco now .....snap on bought the malco plant now and they mski g for snap on now too...at ridiculous prices for snap on too...
Well don't complain now, it's too late if everyone was as eager to support Malco before they were forced to shut down or sell we would be able to buy USA made locking pliers at an affordable cost. They are far better made than the cheap Asian made ones.
Snap on did not buy the plant but did buy some of the tooling and patents.
A ton of new old stock still exists and is being closed out. The tiny pliers were a Snap on exclusive and only available from them.
Harry J. Epstien has them for even less than Amazon.
I wonder if the needle nose version that snap on just came out with is available as an eagle grip?
There are a few floating around, they're a rarity. HJE got 30-some of them in which is all that was on their inventory list from Malco. They'll be sold as part of the Epstein Day sale.
So are they still making pliers under the Malco name??
No more malco branded pliers
No
Hi Doc, Where did you find the 5 inch Eagle Grip???? Thank You
shop.snapon.com/product/LP5WC
I don't deny the left-over stock is a great deal but there's no warranty left when they go beyond what the seller is going to cover. Knipex makes a darn good set and they're covered by warranty and cheaper than Snap-On.
$100 for the Snap On name? That's cheap! What's going on is a variety of liquidators bought up the old Malcos, ...and the Malcos haven't really been selling very well... So, over the past 2 years, they've been dropping the price from $79 to $59 to $45 to now $35. Snap On can get away with high prices, but a quick flipping resellers have to move product, and the reality is the competition for these type of pliers sells in the $4 - $20 range. And there are some good ones in that range, ie the Craftsman (from China) for $12.
Thank you for that possible explanation. The Amazon store I've just ordered from, JBTools, must be one of those 'liquidators / quick flipping resellers' as you said.
fireball tool.
What bout them?
@@alexdrockhound9497 better clamps at a better price
The Stanley fatmax locking pliers have the best design in my opinion. Being able to slide a tab and lock the pliers from being able to open really helps out sometimes.
Mac has these two for one at about 55-60 bucks in this months sale paper
Not USA made and not even close on fit and finish. While they are nice locking pliers the Malco ones are amazing.
You can’t prove anything you just stated
@@TakashiAmanoOriginal actually I can I have both you don't know what the hell you're talking about
Harry J. Epstein has all of them still listed as in stock with a few hundred of each kind. All of them priced at $29.99
Snap on has been ripping people off for many years
You are paying 100 xtra bucks for the stamping of the SnapOn brand .... I know i would not pay that much for them even if they were not campared like you showed them .
A 10 c-clamp from some hardware store is alot cheaper ...lol
Then again Snappy has gotten out of there minds with most prices !!
Gotta pay the tool man. The Malcos will be used by the homeowner and never warrantied, the snap-on's will be abused to s*** and warrantied. There's your price difference.
A Milwaukee power tool will be used and abused on a job site and has a 5 year warranty. A Snap-on power tool will be used and abused in a garage and has what is it, 1 year or 2 years warranty, for a lot more money.
The Malcos were very popular for professionals as well, anyone who wasn't welding since they knew the spatter would affect them and the amount of clamps they need made the Malco uneconomical. But plenty of Eagle Grips in garages already in Eagle Grip form, and before the shutdown they also offered lifetime warranty.
Warranty isn't really a good argument for Snap-on's price when both brands showed up in shops and had lifetime warranty, and when Snap-on has *inferior* warranties on other product classes on *inferior* products yet still demands a decidedly *superior* price. This is backed up by their very very healthy margins on their balance sheets, which is freely available online since they're public.
Man, Snap-On pisses me off...
F snap on. I just don't see why people support a company like that... Ripping off hard working, blue collar Americans. The very people they claim to support!! You can still get a high quality tool for a fraction of the price from other companies. There are several other Japanese, German, USA, and even some Taiwanese manufactured tools that are excellent quality for a fraction of the price. People are so narrow minded and so stuck on the tool saying "made in usa", that they think nobody else can make a quality tool... That may have been the case 20+ years ago, but in this day and age, it just isn't the case anymore. Look at caterpillar for example. They sell many of the same tools that snap on sells, but for half the price, and they still are making a healthy profit margin. Its like buying a Gucci purse. You're paying ridiculous prices for the name only. You can still get a high quality leather purse that doesn't say Gucci for a fraction of the price.
Harry J Epstein Tool Company has the 11” Malco pliers & 11” C-pliers for $29
Snap on is taking the p¡ss out of its customers then basically
Typical Snap-On. You're paying for a silly logo and an average "warranty".
RIP OFF !!!!! Snap on sit on their hands for more than a decade saying " some dude still believe the name is everything " 😂😂😂 you have brand name that are equal or better than Snap on today at a fraction of the price
Now that $35 is $50… stop making videos!! 🤣
29.99 @ Harry J. Epstein
Not including their shipping costs tho
True. You need to buy a few to make up for the shipping.