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Apex Tool Group is an American supplier of hand tools and power tools. It was formed as a joint venture of Cooper Industries and Danaher by the merger of Cooper Tools and Danaher's Tools and Components segment. In October 2012, Danaher and Cooper sold Apex to Bain Capital for about $1.6 billion.
Xcelite was founded in 1921 by F. Birney Farrington (1886-1962), as the Park Metalware Company, Inc., a small metalworking shop in Orchard Park, New York. [2] John Zilliox’s (1874-1971) U.S. patent 1,386,217 for an adjustable wrench, launched the company into manufacturing hand tools for worldwide distribution.
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Crescent is a brand of hand tools. It originated with the Crescent Tool Company, founded in 1907. The Crescent brand has changed ownership multiple times. It is currently owned by Apex Tool Group, LLC of Sparks, Maryland as part of its Hand Tools division. It is best known for its style of adjustable wrench. [1] [2]
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The Plomb company began selling tools under the Proto name instead. [4] In 1971, the Plumb Company was acquired by the Ames Company. In 1981, Plumb was sold to Cooper Industries; [3] in 2010, the Cooper Hand Tools division was spun off into Apex Tool Group. [5]
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The Saginaw plant was soon closed and a new plant in Apex, North Carolina became the chief U.S. manufacturing plant. The brand was a member of the Cooper Tools group until that group was sold off to form Apex Tool Group in 2012 and Cooper Industries was acquired by Eaton Corporation.