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In 2011, Lowe's ended its arrangement with Danaher and switched to a different supplier for its mechanic's hand tools, [5] JS Products of Las Vegas, Nevada. [6] 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 Positec Tool Corporation, or simply Positec, is a manufacturing company that specializes in the production of power tools and lawn and garden equipment. [1] The company's corporate headquarters are located in Suzhou, China [2] and the head of its North American division is located in Charlotte, North Carolina. [3]
Lowe's shares traded at over $116 per share, [30] and its market capitalization was valued at over US$90.32 billion in January 2020. [31] Lowe's ranked No. 42 on the 2019 Fortune 500 list. Lowes announced a $10 billion stock buyback [32] at the end of 2018 to begin in 2019, while trimming jobs. [33]
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