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Danaher Corporation is an American global conglomerate founded in 1984 by brothers Steven and Mitchell Rales. Headquartered in Washington, D.C. , the company designs, manufactures, and markets medical, industrial, and commercial products and services.
They changed the name to Diversified Mortgage Investors in 1978 and to Danaher in 1984, with him serving as its chairman since then. [7] [8] In 1985, they bought Easco Corporation, the then-largest independent aluminum extrusion manufacturer and hand tool manufacturer which produced the Craftsman brand of sockets and wrenches for Sears.
He co-founded Danaher Corporation with his brother Steven Rales in 1984 and the art museum Glenstone with his wife Emily Wei in 2006. Rales is also the chairman of ESAB and a prominent limited partner of the National Football League (NFL) team Washington Commanders. His net worth was estimated by Forbes in mid-2024 to be $4.8 billion.
Culp joined Danaher in 1990 via the subsidiary Veeder-Root, and became President of that company 1993. He was appointed a group executive and corporate officer in 1995, with responsibility for Danaher’s Environmental and Electronic Test and Measurement platforms while also being President of Fluke and Fluke Networks. He was named an Executive ...
In 1990, the hand tool company was acquired by the brothers' Danaher Corporation. [4] This acquisition made the tools division the largest part of Danaher. [5] In 1991, Sears selected Danaher to be the exclusive supplier of Craftsman mechanic's tools. [6] In 2010, Danaher merged its tools division with Cooper Tools to form Apex Tool Group.
The company was founded by Tom and Jim Waschura, identical twins who formerly worked for Ampex Corporation in Redwood City, California. Tom Waschura's electrical engineering degree from M.I.T. landed him a job at Ampex's Data Systems division working on tape recording and early parallel-transfer disk drives.