Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker.
Stanley Black and Decker acquired the Craftsman brand name from Sears Holdings in March 2017. As part of the deal, Sears retains the right to continue the sale of Craftsman products in Sears and K-mart stores, should either or both still exist. (Sears had closed over 2000 stores between 2011 and 2017.)
The Craftsman brand was purchased by Stanley Black & Decker in spring of 2017. They inherited Ace Hardware and Blain Farm & Fleet as retailers. Lowes was the first major retailer that Stanley added to the fold.
Yes, Craftsman and DeWalt are Owned by Stanley Black & Decker. Stanley Black & Decker (SBD) turned heads when it bought Craftsman Tools in 2017 after Sears closed 235 stores in 2015. The company owns many brands, however. Dating back to 1843 with a man named Frederick Stanley, the company quickly formed its roots.
The 2017 sale to Stanley gave Sears an immediate cash infusion and a chance to benefit from the brand's growth at other retailers through royalty payments. It also meant Sears and Stanley began making and selling competing Craftsman products.
Today, Craftsman continues to manufacture its tools in a combination of domestic and international locations. While some of its products are still made in the United States, a significant portion of Craftsman's tools, including some toolboxes, are manufactured in China.
States where Sears remains
The former retail giant is now a rare commodity in the U.S., with around a dozen locations currently standing. Even then, not all of them are technically operational. For example, there are four locations in California, including Concord, Stockton, Whittier, and Burbank.
LIMITED LIFETIME WARRANTY
This warranty is extended only to the original end-user purchaser of the product. Certain Exclusions: Warranty is not transferable. Contact Customer Care at (888) 331-4569 or using the form hereOpens a new window for details.
The DeWalt Industrial Tool Company is an American worldwide manufacturer of power tools and hand tools for the construction, manufacturing and woodworking industries, as well as home craftspeople. DeWalt is a registered trademark of Black & Decker (U.S.) Inc., a subsidiary of Stanley Black & Decker.
FULL STATEMENT FROM LOWE'S CORPORATE COMMUNICATIONS: "we will honor all lifetime warranties no matter where the CRAFTSMAN hand tool was purchased. We ask that customers bring in the item, and we'll replace it if we have the product.
CRAFTSMAN | Stanley Black & Decker.
Kobalt is a line of hand and mechanics' tools, power tools, and tool storage products owned by the American home improvement chain Lowe's. It is the house brand for both Lowe's in North America and their joint venture with the now defunct Masters Home Improvement in Australia. Lowe's Companies, Inc.
A highly automated Texas factory was supposed to bring the manufacturing of Craftsman mechanics' tools back to American shores. The $90 million project was doomed by equipment problems and slow production.
Milwaukee Tool was last sold in 2005 for $626.6 million to the Hong Kong–based Techtronic Industries, also known as TTI Group. The company is now a subsidiary of TTI Group alongside brands like AEG, Ryobi, Hoover, Dirt Devil, and Vax. In 2022, $206 million was invested in Wisconsin research and development facilities.
SKIL Power Tools is a brand of electric power tools and accessories located in Naperville, Illinois, United States. It is a subsidiary of Chervon (HK) Ltd, a company based in Nanjing, China.
A substantial number of Craftsman products are backed by lifetime warranties. These include hammers and demolition tools, finishing tools, pliers, screwdrivers, wrenches, knives, hex keys, nut drivers, ratchets, tape measures, and other assorted hand tools.
In March 2017, Stanley Black & Decker acquired the Craftsman brand from Sears Holdings, which retained a limited license for Craftsman products.
The Ridge Tool Company is an American manufacturing company that makes and distributes tools under the Ridgid brand name. The company was founded in 1923 in North Ridgeville, Ohio. In 1943, it relocated to its current location in Elyria, Ohio, and in 1966, it became a wholly owned subsidiary of Emerson Electric.
Who Makes Ryobi? Ryobi is owned by Techtronic Industries, a Hong Kong-based multinational engineering and technology company. Founded in 1985, Techtronic has evolved into one of the world's leading power equipment companies, owning several brands such as Milwaukee and Ryobi.
By 2018, the company had filed for bankruptcy. The next year, Lampert's hedge fund bought the remains of the business out of bankruptcy and renamed its parent company Transformco. The retailer exited bankruptcy with 223 Sears and 202 Kmart stores nationwide.
The company closed its last big-box store in the mainland United States in 2024. A smaller location remains open in the former Garden Shop of its Kendale Lakes, Florida (Miami postal address) store, while the adjoining big box building is occupied by another retail chain that has leased the space.
Key Takeaways. Sears Holding Company, owned by the parent company Transformco, has a storied past dating back to 1886. Although it filed for bankruptcy in October of 2018, the company won its bankruptcy auction in February 2019 and announced it would continue to operate.