Stanley 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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