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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] The brand's early customers were mostly farmers.
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]
In 2008, MTD began having a third-party company (located in China) manufacture a new line of engines for the Craftsman 2008 line of snowthrowers. They are no longer building them with Tecumseh engines. In 2009 MTD acquired the brand Remington Chainsaws from Desa International.
The chain was bought out by ThreeSixty group and opened two new locations in Rockefeller Center, and LaGuardia airport, with plans to open up to 30 more in the future. KB Toys – liquidated February 9, 2009, which closed all of the remaining stores; [ 179 ] sold to Toys "R" Us and then to Strategic Marks, LLC; although it planned to reopen ...
Easco continued the Craftsman contract with Sears. By 1969, the parent company was known as Easco Corporation. [1] Tools made by MDF for Sears have a "V" maker's mark on them, those by Danaher had a "V^" (V and upside down V, sometimes a right-side up V). Variations of the "VV" exist including three digit codes on tools such as ratchets.
The path laid out by Barington and Thor is similar to one followed by hedge fund operator Eddie Lampert after he purchased control of Sears and Kmart. He ended up selling off or developing much of ...
Craftsman — re-branded Chamberlain models sold at Sears. Those products have a "139" model prefix to denote that the Chamberlain Group made them for Sears. Clicker — a line of universal garage door remotes. Chamberlain, LiftMaster, and Craftsman have interchangeable parts, primarily the gear and circuit boards.
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