Apex Tool Group

Last updated

Apex Tool Group
TypeLimited Liability Company
IndustryManufacturing
Founded2010;12 years ago (2010)
Headquarters Sparks, Maryland, U.S.
ProductsHand tools and power tools
Revenue$1.6B
Owner Bain Capital
Number of employees
8,000
Website www.apextoolgroup.com

Apex Tool Group is an American supplier of hand tools and power tools. It was formed as a joint venture of Cooper Industries and Danaher by the merger of Cooper Tools and Danaher's Tools and Components segment. In October 2012, Danaher and Cooper sold Apex to Bain Capital for about $1.6 billion. [1] Apex is headquartered in Sparks, Maryland, and has over 20 factories globally including the United States, Canada, Mexico, Germany, China, and South America.

Contents

Hand tool brands

For Hand Tool portfolio, since 2018, Company has decided to focus 3 major brands such as Crescent, Gearwrench and SATA globally.

Power tool brands

The Apex Tool Group Power Tool Division is headquartered in Lexington, South Carolina. It is made up of the following brands: [4]

Related Research Articles

Tool Object that can extend an individuals ability to modify features of the surrounding environment

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Adjustable spanner A spanner (a wrench) that can be adjusted to handle various sizes of fasteners

An adjustable spanner or adjustable wrench is any of various styles of spanner (wrench) with a movable jaw, allowing it to be used with different sizes of fastener head rather than just one fastener size, as with a conventional fixed spanner.

Hand tool Tool equipment powered manually

A hand tool is any tool that is powered by hand rather than a motor. Categories of hand tools include wrenches, pliers, cutters, files, striking tools, struck or hammered tools, screwdrivers, vises, clamps, snips, hacksaws, drills, and knives.

Cooper Industries American worldwide electrical products manufacturer

Cooper Industries was an American worldwide electrical products manufacturer headquartered in Houston, Texas. Founded in 1833, the company had seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.

Craftsman is a line of tools, lawn and garden equipment, and work wear. Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker.

Lufkin Industries is an American manufacturing company founded in 1902 and headquartered in Missouri City, Texas. Lufkin is a provider of rod lift products, automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. It was an independent company until being acquired by GE Oil & Gas in July 2013, which later merged with Baker Hughes to create Baker Hughes, a GE Company (BHGE). On June 30, 2020, KPS Capital Partners, LP completed its previously announced acquisition of Lufkin from Baker Hughes.

Danaher Corporation is an American globally diversified conglomerate with its headquarters in Washington, D.C. The company designs, manufactures, and markets professional, medical, industrial, and commercial products and services. The company's 3 platforms are "Life Sciences", "Diagnostics", and "Environmental & Applied Solutions".

Knipex A German manufacturer of pliers, pliers wrenches, and other tools, distributed for global sales

Knipex is a German manufacturer of pliers, pliers wrenches, and other tools, distributed for global sales. Its tools are principally for professional use in various trades, but they are also increasingly popular for DIY and EDC use as well.

DeWalt Tool company

DeWalt Industrial Tool Company is an American worldwide manufacturer of power tools and hand tools for the construction, manufacturing and woodworking industries, as well as home craftspeople. DeWalt is a registered trademark of Black & Decker (U.S.) Inc., a subsidiary of Stanley Black & Decker.

Irwin Industrial Tools

Irwin Industrial Tools is an American manufacturer and distributor of hand tools and power tool accessories. It is owned by Stanley Black & Decker. It is best known for producing Vise-Grip locking pliers. Additionally, it produces clamps, drill bits, taps and dies, screw extractors, bolt extractors, saw blades, pipe wrenches, screwdrivers, snips, and other construction tools.

Greenlee is an American industrial and electrical tool company headquartered in Rockford, Illinois. It was founded in 1862 by brothers Robert and Ralph Greenlee to manufacture their invention, a drill surrounded by four chisel blades, used in making the pockets for a mortise and tenon joint, for the furniture industry in Rockford. This device is still used in cabinetmaking. The brothers later diversified into a variety of hand woodworking tools as well as machinery for making wooden barrels. The company was acquired by Textron in 1986. Greenlee purchased Fairmont Hydraulics in 1992 and German tool manufacturer Klauke in 1996. Greenlee expanded into data/telecommunications equipment with the acquisition of several companies in 1999 and 2000 which now fall under the Greenlee Communications brand. Greenlee expanded its DIY offering with the addition of Paladin Tools on December 17, 2007. In 2008, Greenlee acquired Utilux. In 2013, Sherman + Reilly, and HD Electric joined the Greenlee family of Utility brands. The Greenlee brothers were inspired into industrial work by their father who was a cooper. Their contributions to the railroad industry included an automatic tie and track laying and drilling machine that rolled right along behind on the track it had just laid.

Lufkin is a brand featuring primarily measurement tools such as calipers, gauges, micrometers, and measuring tapes. Lufkin is a brand of Apex Tool Group.

Klein Tools

Klein Tools is an American company based in Lincolnshire, IL that manufactures hand tools. The company is known for its popularity with workers in the electrical and telecommunications industries. Lineman's pliers in the past were often called "Kleins," an example of a genericized trademark.

Crescent is a brand of hand tools. It originated with the Crescent Tool Company, founded in 1907. The Crescent brand has changed ownership multiple times. It is currently owned by Apex Tool Group, LLC of Sparks, Maryland as part of its Hand Tools division. It is best known for its style of adjustable wrench.

Xcelite is a brand of hand tools geared towards the electronics service industry. It is currently owned by Apex Tool Group and markets screwdrivers, nut drivers, pliers, and various specialized electronics tools.

Kobalt is a line of hand and mechanics' tools, power tools, and tool storage products owned by the American home improvement chain Lowe's. It is the house brand for both Lowe's in North America and their joint venture with the now defunct Masters Home Improvement in Australia.

Armstrong Tools was an American industrial hand tool manufacturer. In its final years, it existed as a brand of Apex Tool Group, LLC and manufactured the majority of its tools in the United States, focusing mostly on aerospace, government, and military users.

Allen (brand) Company behind the name "Allen wrenches"

Allen is a brand of hand tools, most widely recognized for its wrenches, known generically as "Allen wrenches". As a brand, it is owned by Apex Tool Group.

Easco Hand Tools was an American manufacturer of hand tools. It is best known for being the main supplier of mechanic's tools for the Craftsman brand. Its tools were also sold under the Allen and KD Tools brands after its acquisition by Danaher Corporation. The brand name was gradually phased out by Danaher.

Plumb (tools)

Plumb is a brand of hand tools owned by Apex Tool Group. The brand is known for its hammers and hatchets.

References

  1. Devin Banerjee (October 10, 2012). "Bain Capital Buys Apex Tool Group for $1.6 Billion". Bloomberg.com. Retrieved April 21, 2015.
  2. Indianapolis Recorder (January 4, 2010). "Cooper Tools Receives Do it Best "Member's Choice" Award" . Retrieved January 16, 2010.
  3. Business Wire (October 17, 2006). "Popular Mechanics Recognizes Cooper Hand Tools for Innovative Wrench Design" . Retrieved January 16, 2010.
  4. Cooper Power Tools. "Information About Our Company". Archived from the original on January 4, 2010. Retrieved January 16, 2010.