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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.
The Saginaw plant was soon closed and a new plant in Apex, North Carolina became the chief U.S. manufacturing plant. The brand was a member of the Cooper Tools group until that group was sold off to form Apex Tool Group in 2012 and Cooper Industries was acquired by Eaton Corporation.
Xcelite was founded in 1921 by F. Birney Farrington (1886-1962), as the Park Metalware Company, Inc., a small metalworking shop in Orchard Park, New York. [2] John Zilliox’s (1874-1971) U.S. patent 1,386,217 for an adjustable wrench, launched the company into manufacturing hand tools for worldwide distribution.
Armstrong Tools was an American industrial hand tool manufacturer. [1] 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. [2]
[7] [8] In 2010, the tool divisions of Cooper Industries and Danaher Corporation formed a joint venture, Apex Tool Group, LLC. The brand is currently owned by Apex Brands, Inc. the intellectual property entity of Apex Tool Group. [9] Crescent brand adjustable wrenches are manufactured in both Sumter, South Carolina and in China.
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Husky is a line of hand tools, pneumatic tools, and tool storage products. Though founded in 1924, it is now best known as the house brand of The Home Depot, where it is exclusively sold. Its hand tools are manufactured for Home Depot by Western Forge, Apex Tool Group, and Iron Bridge Tools. [1] Its slogan is "The toughest name in tools."