Stanley Black & Decker acquired the Craftsman tool brand from Sears for about $900 million, the companies announced Thursday.
Stanley Black & Decker One, a whole bunch of the top power tool brands — including DeWalt, Black & Decker, Craftsman, Porter-Cable and more — are all owned by the same company, Stanley Black & Decker.
Select CRAFTSMAN power tools, hand tools, lawn and garden equipment, and storage are being made with pride in the USA with global materials–and its here to stay. Were bringing job opportunities and pride in craftsmanship back to America.
Does Sears still sell Craftsman products?
Stanley Black & Decker bought the Craftsman brand from Sears Holdings Corp. in 2017. The deal, valued at $900 million, let both brands continue making and selling products under the Craftsman label.