The Mysterious Ownership of the Iconic Craftsman Brand- Who Really Calls the Shots-
Who owns Craftsman brand? This question has intrigued many as Craftsman has long been a household name in the tool and home improvement industry. With its rich history and diverse product range, the ownership of Craftsman has seen several changes over the years. In this article, we will delve into the fascinating journey of Craftsman’s ownership, from its inception to the present day.
Craftsman was originally founded in 1927 by the Craftsman Hardware and Tool Company. The brand quickly gained popularity for its high-quality tools and innovative designs. Over the years, Craftsman became synonymous with durability and reliability, making it a favorite among DIY enthusiasts and professionals alike.
In 1932, the Craftsman brand was acquired by the Stanley Works, a leading manufacturer of hand tools and power tools. This acquisition marked the beginning of a long and successful partnership between the two companies. Under Stanley Works, Craftsman continued to expand its product line and enhance its reputation for quality.
However, in 2017, Stanley Works decided to sell the Craftsman brand to a new owner. This move was part of a larger strategy to focus on the company’s core business of industrial tools and equipment. The new owner of Craftsman was Stanley Black & Decker, a global leader in power tools, hand tools, and related accessories.
With Stanley Black & Decker at the helm, Craftsman continued to evolve and adapt to the changing needs of consumers. The company introduced new tools and products, while also maintaining its commitment to quality and innovation. Despite the change in ownership, Craftsman has managed to retain its loyal customer base and its status as a trusted brand in the industry.
The acquisition by Stanley Black & Decker also brought new opportunities for Craftsman. The combined resources and expertise of both companies allowed for the development of cutting-edge products and the expansion into new markets. This partnership has been beneficial for both Craftsman and Stanley Black & Decker, as it has allowed them to leverage each other’s strengths and grow together.
In conclusion, the ownership of Craftsman brand has seen several changes throughout its history. From the Craftsman Hardware and Tool Company to Stanley Works and now Stanley Black & Decker, the brand has always remained committed to providing high-quality tools and products. As the industry continues to evolve, Craftsman will undoubtedly continue to innovate and adapt, ensuring that it remains a leading force in the tool and home improvement market.
