Craftsman is currently owned by Stanley Black & Decker, one of the largest global tool and hardware manufacturing corporations in the world. Stanley Black & Decker acquired the iconic brand trademark from Sears Holdings in 2017 in a multi-million-dollar deal designed to revitalize the product line and expand its distribution footprint beyond failing department stores. Since the acquisition, the parent company has successfully integrated Craftsman into modern retail channels, significantly increasing its market availability and updating its technological ecosystem.
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