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The electric overhead garage door opener was invented by C.G. Johnson in 1926 in Hartford City, Indiana. [1] Electric Garage Door openers did not become popular until Era Meter Company of Chicago offered one after World War II where the overhead garage door could be opened via a key pad located on a post at the end of the driveway or a switch inside the garage.
It is now supplied under the "714" model prefix by Montezuma Tool Storage, but the Craftsman tool storage sold in Lowes is still Waterloo made. The Craftsman-branded garage door openers are manufactured by the Chamberlain Group ("139" model prefix). Hammers have been produced by Vaughan-Bushnell (coded "M" on the tool).
The first Lowe's store, Mr. L.S. Lowe's North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina, in 1921 by Lucius Smith Lowe. [8] After Lowe died in 1940, the business was inherited by his daughter, Ruth Buchan, who sold the company to her brother, James Lowe for $4,200, [ 9 ] that same year.
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Shares of Lowe's are up 20% year to date, compared to the S&P 500's 24% gain, according to Yahoo Finance Data. Rival Home Depot is up 17% in 2024. Rival Home Depot is up 17% in 2024.
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