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Great Neck Saw is an American company that manufactures and distributes hand tools, including wrenches, screwdrivers, hammers, chisels, and automotive specialty tools. [1] The company is the largest privately owned tool manufacturer in the United States. [2] The company sells tools under the Great Neck, Sheffield, OEM, GreatLite, Mayes, and ...
In 1934, Petersen formed the Petersen Manufacturing Company to produce them. [6] In 1957, Petersen added an easy-release trigger to the design, creating the modern locking pliers design. [7] In 1985, American Tool Companies bought out Petersen Manufacturing.
Screwdrivers continue to be supplied by Great Neck. [7] The same year, the Kobalt line expanded to include cordless power tools, [8] manufactured by Chervon. [9] The current (2020) miter saws are manufactured by Rexon Industrial Corp. Taiwan. In 2019 Lowe's announced that they will launch the Kobalt XTR power tools .
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In 1955, he moved the company to Plainview, New York, closer to his home in Great Neck, New York. [2] Sensing that he was overly reliant on the two aerospace companies (they were 90% of sales in the 1960s), he launched a catalog business to diversify his customer base. [ 2 ]
In 1990, the hand tool company was acquired by the brothers' Danaher Corporation. [4] This acquisition made the tools division the largest part of Danaher. [5] In 1991, Sears selected Danaher to be the exclusive supplier of Craftsman mechanic's tools. [6] In 2010, Danaher merged its tools division with Cooper Tools to form Apex Tool Group.
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In 1892 the American Machine Co. of Philadelphia and its "Crown" consumer brand was acquired and operations were soon moved to its facilities. [3] In 1893 they acquired the Shepard Hdw. Co. of Buffalo, New York. Next, in 1897, they acquired the Forest City Screwdriver and Drill Company of Portland, Maine and its prolific designer Zachary T ...