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Companion logo Craftsman Evolv logo. The Craftsman trademark was registered by Sears on May 20, 1927. [2] Arthur Barrows, head of the company's hardware department, liked the name Craftsman and reportedly bought the rights to use it from the Marion-Craftsman Tool Company for $500 (equivalent to $8,770 in 2023). [3]
Maxtech specializes in hand tool, mechanic's tools, and power tool accessory lines for retailers. Maxtech supplies private label tools to Canadian Tire (Jobmate, Mastercraft, Maximum), Sears (Craftsman), The Home Depot (Husky), Home Hardware (Benchmark, Home Handyman), and other retailers as well as products under the Maxtech Brand.
Some Sears Craftsman Professional products lines (such as the former USA made Professional wrench line) were made by the Armstrong Division of Danaher and were virtually the same units, save for the stamping of the different names. In 1994, Armstrong was acquired by the Danaher Corporation, where it operated as its industrial hand tools division.
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Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois.It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. [7]
2017: On January 5, news reports indicated that it would acquire the Craftsman brand from KCD, LLC (a Sears Holdings subsidiary). [25] Subsequent reports by Bloomberg indicated that the company would pay $525 million initially, an additional $250 million after three years, as well as annual payments on new Craftsman sales for 15 years. [26]