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Lowe's and manufacturing partner J.H. Williams launched Kobalt in 1998, [1] with the intention of competing against rival retailers Sears and The Home Depot and their respective Craftsman and Husky tool brands. [2] In 2003, the Danaher Corporation began producing the majority of Kobalt hand tools. [3] [4]
Within her first year as president, the company reached $1 billion in revenue for the first time in history. [3] As of June 2020, 84 Lumber owns and operates over 250 stores in 30 states throughout the country; the company has more than 5,600 employees and generates in excess of $3.9 billion in annual revenue. [4]
Lowe's is the second-largest hardware chain in the United States (previously the largest in the U.S. until surpassed by Home Depot in 1989) behind rival the Home Depot and ahead of Menards. [6] It is also the second-largest hardware chain in the world, also behind the Home Depot, but ahead of European retailers Leroy Merlin , B&Q , and OBI .
In 1957, Oswald Thorsman from Sweden received a patent for a plastic wall plug; around the same time, German inventor Artur Fischer created the plastic Fischer wall plug. [4] [5] The Fischer wall plug, due to its innovative shape, was the first to be suitable for all wall types, and has since been the most produced and sold wall plug worldwide ...
Socket set with ratchet (above), four hex sockets and a universal joint. A socket wrench (or socket spanner) is a type of spanner (or wrench [1] in North American English) that uses a closed socket format, rather than a typical open wrench/spanner to turn a fastener, typically in the form of a nut or bolt.
The term wrench is generally used for tools that turn non-fastening devices (e.g. tap wrench and pipe wrench), or may be used for a monkey wrench—an adjustable pipe wrench. [1] In North American English, wrench is the standard term. The most common shapes are called open-end wrench and box-end wrench.