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Sears sells Craftsman to Stanley Black & Decker

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Stanley Black (SWK) to Buy Sears Holdings’ Craftsman Brand

Stanley Black (SWK) to Buy Sears Holdings' Craftsman Brand*/

– Industrial tool maker Stanley Black & Decker, Inc. SWK recently announced that it has agreed to acquire the Craftsman tool brand from Sears Holdings Corporation SHLD.The Craftsman brand complements the company’s global tools and storage brands as well as will open new business opportunities, especially in the lawn and garden end markets.Post the release of third-quarter 2016 results on Oct 27, shares of the company yielded 2.9% return, underperforming the return of 7.4% generated by the Zacks categorized Machine Tools & Related Products industry.
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Sears to sell Craftsman tool brand to Stanley Black & Decker

Sears to sell Craftsman tool brand to Stanley Black & Decker*/

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Sears sells Craftsman to Stanley Black & Decker

Sears sells Craftsman to Stanley Black & Decker*/

– It’s the end of an era for Sears.The struggling retailer is selling its iconic Craftsman brand to tool maker Stanley Black & Decker.But for those of you who still shop at Sears and love the Craftsman brand, fear not.
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