Stanley Black & Decker Acquires Craftsman Tools from Sears for 900 Million Dollars

Its no surprise to people that buy tools regularly that Sears has been in bad shape for years, and that Sears selling its popular brands was something that was going to happen eventually. Everyone has heard of Kennmore, Craftsman, and Diehard it was just a matter of if and when Sears had to sell those brand names. The surprising thing is SBD aka Stanley Black and Decker bought Craftsman so soon after just acquiring the tool arm of Newell Rubbermaid which included the brands Irwin, Lenox, and Hilmore. The Craftsman purchase is more interesting because they sell tools from...

Read More