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Sears will hold a royalty-free license to the Craftsman brand for a 15-year period after the completion of the sale, and will receive a royalty on all new Craftsman sales over this period. Afterwards, Sears will pay Stanley Black & Decker a 3% licensing fee. [16] The deal was closed on March 9, 2017. [17]
Western Forge was founded in Defiance, Ohio in 1965 as a joint venture between Sears and C. William Schlosser to make torque wrenches. [3] In 1966, it relocated to Colorado Springs, Colorado, where it built a new manufacturing facility. In the next few years, the company began producing screwdrivers, punches, chisels, adjustable wrenches, and ...
Easco continued the Craftsman contract with Sears. By 1969, the parent company was known as Easco Corporation. [1] Tools made by MDF for Sears have a "V" maker's mark on them, those by Danaher had a "V^" (V and upside down V, sometimes a right-side up V). Variations of the "VV" exist including three digit codes on tools such as ratchets.
Tools covered by this warranty include wrenches, sockets, ratchets, drive accessories, tape measures, hand tools and landscaping and garden tools. Other items may offer a shorter warranty. 49.
Husky Wrench was founded in Milwaukee, Wisconsin on January 29, 1924 by Sigmund Mandl, who had immigrated to the United States from Czechoslovakia.By 1928, Husky had established a significant collaboration with the J.H. Williams Tool Group, with Williams distributing Husky wrenches in its mechanic's tool sets.
The company has a tool line of over 3,500 items including wrenches, ratchets, screwdrivers, tool boxes and air tools. In 2021, SK was acquired by Hangzhou GreatStar Industrial. Jay Leno described the company as "an iconic American brand for decades," [2] and the company is known for inventing the round-head ratchet wrench.