[TR] Sears to Sell the Iconic Craftsman Brand after 90 Years

[Hoyt Duff]

Craftsman tools had been manufactured by Danaher/Apex but it was
obvious that quality has been slipping and some manufacturing was
being outsourced/re-branded.

Stanley Black & Decker also makes Proto, MAC Tools, FACOM and Lista
among others. The new manufacturer has a good track record of building
high quality tools.

Here's an interesting link to Who Makes What?
http://toolguyd.com/tool-brands-corporate-affiliations/

On 1/7/17, Larry Griffin <larrygriffin.nc at gmail.com> wrote:
> Sears must really need cash to survive since they are selling the Craftsman
> Brand to Stanley Black & Decker for about $900 million. Details are here:
> Sears Sells Craftsman Brand <http://tinyurl.com/h3rcpd6>
>
> This shocked and made me very sad when I read a news story last night that
> didn't have as much detail as the link above. I've always used Craftsman
> tools since since my uncle started helping me work on my Spitfire back in
> the '60s. After reading the above, I feel a bit better due to these
> details:
> 1) This might help Sears survive
> 2) Sears will continue to sell Craftsman. After 15 years Sears will start
> paying Stanley Black & Decker a percentage of Craftsman sales.
> 3) Stanley plans to open a new US plant to make Craftsman tools
> 4) Craftsman will be available at more stores
> 5)Sears will receive a percentage of Stanley's Craftsmen sales for 15 years
> 6)The unlimited lifetime warranty will continue under Stanley
> 7)Stanley will develop and build Craftsman products to sell outside of
> Sears. Not sure if this is good or bad. Hope they improve quality back to
> former Craftsman standards.
>
> Still trying to digest this news, though. Thoughts anyone?​
>
> Larry
> 71 TR6
>


-- 
Hoyt