Yes, Craftsman is still a brand. Founded in 1927, Craftsman is one of the oldest and most recognizable brands in the tool and hardware industry. The company is known for its high-quality tools and shop equipment, and it is one of the leading brands of hand tools, power tools, and other home repair items.
In 2017, Stanley Black & Decker purchased the Craftsman brand from Sears and established a long-term licensing agreement to continue to manufacture and sell Craftsman products in the United States and Canada.
Craftsman tools are still widely available in stores and online, and the brand continues to produce innovative, dependable products designed to help people complete home repair and DIY projects.
Who took over Craftsman products?
In 2017, the iconic American tool brand Craftsman was acquired by Stanley Black & Decker, a global leader in industrial tools, power tools, and security solutions. The $900 million purchase marked the end of an era for the once-independent company, which had been in business for nearly 100 years before its sale to Stanley Black & Decker.
Through its acquisition of Craftsman, Stanley Black & Decker was able to add numerous power tool and staple products to its already large assortment. This included Craftsman hand tools, lawn and garden tools, as well as a full complement of power tools and new products.
As part of the deal, Stanley Black & Decker also acquired a licensing agreement with Sears. This allowed them to continue selling the Craftsman brand in Sears stores, as well as to offer the tools online.
Going forward, Craftsman will continue to make and sell the tools they’ve been known for—straight razors and screwdrivers, as well as lawnmowers, wrenches and a variety of other products. The only difference is that Stanley Black & Decker will now be providing the innovation and investments necessary to keep the brand on the cutting edge.
Does Lowes own Craftsman now?
No, Lowe’s does not own Craftsman at this time. In 2017, Sears exited the agreement it had signed with Stanley Black & Decker to start producing Craftsman products in March 2018. Stanley Black & Decker retained the rights to Craftsman and still manufactures Craftsman products, but Lowe’s is no longer the exclusive retailer for Craftsman like it was when the agreement existed.
Lowes now sells a selection of Craftsman tools, mostly lawn and garden products, but not the full line of Craftsman products.
Where can I buy Craftsman tools after Sears closes?
After Sears closes, you may still be able to purchase Craftsman tools in multiple locations. Many home improvement stores still carry Craftsman tools, including Lowe’s, Home Depot, and Menards. There are also many online retailers that offer Craftsman products, including Amazon, Ace Hardware, and DoItBest.
You can also find Craftsman tools through third-party marketplace sites such as eBay and Craigslist. Additionally, you may find vintage tools or previously owned tools at antique stores, flea markets, or thrift stores.
Is Craftsman Lowes or Home Depot?
Craftsman is a tool brand owned by Stanley Black & Decker. Craftsman tools can be found in both Lowe’s and Home Depot in the United States, as they are the main retailers that carry the brand. Lowe’s carries a wide variety of Craftsman tools ranging from power tools, hand tools, and storage solutions, while Home Depot only carries power tools and hand tools, but not storage solutions.
It’s also important to note that Craftsman is not exclusive to either store, and that each one carries different products and has different pricing, so it pays to shop around. Additionally, Craftsman tools can also be purchased in other stores such as Ace Hardware, Menards, Walmart, Sears, and Amazon.
Who sells Craftsman products Home Depot or Lowe’s?
Both Home Depot and Lowe’s sell Craftsman products. While Craftsman is a brand owned by Stanley Black & Decker, it is sold at both of these major home improvement retailers. You will find a wide selection of Craftsman tools, lawn and garden products, power equipment and accessories at both Home Depot and Lowe’s.
Additionally, you can find Craftsman goods on their respective websites. In some cases, Home Depot even has exclusive Craftsman products that are only sold in their stores. Ultimately, your best bet to find Craftsman products is to shop either Home Depot or Lowe’s.
Is Kobalt owned by Lowe’s?
No, Kobalt is not owned by Lowe’s. Kobalt is a brand owned by the craft store chain, Hobby Lobby. It was originally their house brand for tools, home improvement and outdoor products. Hobby Lobby was founded in 1972 and is based in Oklahoma City.
The Kobalt brand has a range of products from power tools to hand tools to air compressors and many more. Lowe’s is an American chain of home improvement and appliance retailers founded in 1946 and based in North Carolina.
It also operates several other brands including Kobalt, which is a line of tool storage products. Lowe’s has previously held the license to produce Kobalt branded tools, but that license has since expired.
Are Craftsman products still available?
Yes, Craftsman products are still readily available today. The Craftsman brand is owned by Stanley Black & Decker, which continues to manufacture and offer numerous varieties of Craftsman tools and products.
Consumers can find these products in many traditional retail outlets such as Home Depot, Lowe’s, Menards, Sears, and even Amazon. Additionally, some of the most popular Craftsman tools and products are available in specialty retailers that cater to the do-it-yourself and professional home improvement markets.
What happened to the Craftsman brand?
The Craftsman brand is still alive and well today, but has had many changes since its founding in 1927. Craftsman originally sold a wide range of tools, lawn and garden equipment, and other tools. It was well known in the United States, and many people purchased their tools with the Craftsman label.
For a time, the Craftsman brand was owned by Sears, and in 2017, Sears sold the Craftsman brand to Stanley Black & Decker. This involved a licensing agreement, so that Stanley Black & Decker could continue to sell products under the Craftsman brand.
Today, Craftsman products are still widely available at many retailers and are also featured in their own dedicated stores. In addition, Stanley Black & Decker has expanded the scope of the brand, offering a variety of new products such as garage storage solutions and outdoor power equipment.
Craftsman products have also been integrated into Stanley’s range of professional-grade tools, for even more options for the serious DIYer.
So, while the ownership of the Craftsman brand has changed over the years, the quality and selection of their products remain the same.
Who is carrying Craftsman Tools now?
Craftsman Tools is now carried by Lowe’s Companies, Inc. , a major home improvement retailer with stores throughout the United States. Lowe’s obtained the rights to Craftsman in 2017, when Stanley Black & Decker agreed to sell off the iconic brand in order to gain regulatory approval for its merger with Newell Brands.
In 2018, Lowe’s launched the Craftsman brand in its stores, offering customers a comprehensive selection of hand tools, power tools and specialty tools. Craftsman tools are sold in both physical and online Lowe’s stores offering customers easy access to whatever they may need for their projects.
Craftsman also has a selection of bladed tools, tool storage, workwear, and accessories. Lowe’s also recently opened its first stand-alone Craftsman-branded retail store in Manhattan, further expanding the iconic brand and underscoring its commitment to keeping Craftsman tools available to customers in a variety of ways.
Are Craftsman tools still made in the USA?
Yes, Craftsman tools are still made in the USA. The brand began manufacturing tools back in 1927 in Mechanicsburg, Pennsylvania and many of their hand tools are still manufactured in the US today. According to their website, Craftsman proudly builds 100 percent of their ratchets, sockets, breaker bars and wrenches in the US, along with about 80 percent of their pliers.
Additionally, since 2017, Craftsman also launched a program to create tools in the US from recycled steel that has been sourced from American scrap yards. This program not only saves energy and money, but it also helps to reinvigorate the local economy and protect the environment by reducing the greenhouse gas emissions associated with the manufacturing process.
In today’s world of global trade, Craftsman certainly deserves recognition for their efforts in keeping their production and manufacturing processes local.
Who owns Sears now?
The current owners of Sears are ESL Investments, Inc. , a hedge fund led by investor Edward Lampert. The company was previously owned by Kmart Holding Corporation and was acquired by them through the $11 billion merger of 2002.
Lampert utilized his hedge fund to acquire a 51% stake in the combined Kmart-Sears entity and eventually, he and his fund owned a majority share of the company and most of its debt, giving him significant influence.
On February 11, 2019, Sears confirmed that it had received an improved bid from ESL to acquire the company for about $5.2 billion and officially exited bankruptcy as a part of the transaction. Lampert and ESL now own Sears and both serve as the parent company, holding the remaining assets and operating stores.
