popularTel06c posted Yesterday 04:48 PM
Item 1 of 2
Item 1 of 2
popularTel06c posted Yesterday 04:48 PM
CRAFTSMAN V20 Brushless RP 3 Inch Cut-Off Tool (Bare Tool) $53.1
$53
$139
61% offAcme Tools
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Not a bad price if you already have batteries. Me I'm all in on the Ridgid line of stuff mainly due to the LSA warranty. Some added reading material as I always find interesting who owns and makes what as far as tools.
"TTI owns Milwaukee. They also own Ryobi and make Ridgid tools. They bought Milwaukee from Atlas Copco in 2005 for about $626 million.
Stanley Black & Decker owns DeWalt, Craftsman, Black+Decker, Porter-Cable, Irwin, and Lenox. They've blown through over $6 billion in acquisitions since 2002.
Both bought up everything on the shelf. But their post-acquisition strategies have been completely different.
TTI bought Milwaukee and basically left it alone. Kept the R&D in Brookfield, WI. Kept the engineering team. Dumped $206 million into R&D in one year. Milwaukee's Wisconsin workforce went from 900 people to over 4,000 since 2016. They launched M12 and M18 within two years of buying the brand. That is how to do acquisitions properly.
Now contrast SBD.
They bought Craftsman from Sears in 2017 for $900 million. Said they were going to "bring back its American manufacturing heritage." Built a $90 million automated factory in Fort Worth. Was supposed to employ 500 people.
Long story short, the automation didn't work. Ratchets were coming out of the press misshapen. Sockets went through heat treating without the brand name stamped on them. Metal wasn't getting fully punched out. Retailers couldn't get complete sets so they canceled orders. The executive who launched the project left in 2020 and got replaced by four different people in four years. The SEC later hit the company for failing to disclose $1.3 million in exec perks including private jet use.
They shut it down in March 2023. 175 workers at the end. Not 500. The few tool sets that factory actually produced are now collectors' items on eBay. A $90 million factory that ran for about three years and its main legacy is collectible (because of how awful they are) socket sets. Unreal." Taken from https://www.worseonpurp
$52 @ Amazon...in stock.
https://www.amazon.com/CRAFTSMAN-...iewsAnchor
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