Craftsman tools have been an American tradition since the 1920s. Like many families, I grew up watching my father and grandfather work with Craftsman tools and my very first set of tools was from the same brand. In the midst of Sears’ colossal and current downfall, the iconic tool brand was sold to Stanley Black & Decker (SBD), who also owns DeWALT, Lenox, Porter Cable, and Stanley, among others, in early 2017. A couple months later, that sale was finalized.
Read moreStanley Black and Decker Finalizes Purchase of Craftsman Brand Tools
With Sears and Kmart stores slowly closing across the country, Sears Holdings had to sell off their longtime brand of tools, Craftsman to generate cash flow. The buyer turned out to be Stanley Black & Decker (SBD), who also runs DeWalt, Black + Decker, Porter Cable, Bostitch, and others. Late last week, their deal to purchase the tool icon was officially finalized.
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