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The transaction was expected to close in early 2019. In addition, Stanley Black & Decker had the option to acquire the remaining 80% of MTD starting July 1, 2021, [4] which it did on August 17, 2021. Furthermore, with the acquisition of Craftsman by Stanley Black & Decker, the brand's products are now produced by MTD through this partnership.
1910 – "The Black & Decker Manufacturing Company" was founded by S. Duncan Black (1883–1951) and Alonzo G. Decker (1884–1956) as a small machine shop in Baltimore in September. Decker, who had only a seventh grade education, had met Black in 1906, when they were both 23-year-old workers at the Rowland Telegraph Company.
The Positec Tool Corporation was founded by Don Gao in 1994 in Suzhou, China. [4] The term "Positec" is a play on "Positive Technology." [6] The company was initially started as an original equipment manufacturer of hand and power tools for established companies and brands like Sears and Black & Decker.
Craftsman is a line of tools, lawn and garden equipment, and work wear.Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker.. As with all Sears products, Craftsman tools were not manufactured by Sears during the company's ownership, but made under contract by various other companies.
For most of its early years, Positec sold OEM power tools to companies and brands like Black & Decker. [7] [8] Gao wanted to branch out by creating a line of lawn and garden equipment using his own branding. Positec launched early versions of Worx tools in China in 2004. One of the first Worx products sold was an electric lawn trimmer called ...
Rockwell SoniCrafter. The Positec Tool Corporation was founded in Suzhou, China, in 1994 by Don Gao. [4] It primarily sold OEM tools to established brands like Black & Decker. [5]
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