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The previous work of Laumeister at GE on the experimental Delta electric car that debuted in 1968 helped pave the way for the production of the Elec-Trak. [2] Despite the limited production and availability of the electric tractors, many Elec-Traks are still in use today [ 3 ] and have a cult following among tractor and electric vehicle ...
Black and Decker bought McCulloch on 4 October 1974, and sold the company to a private group in November 1984. [8] In January 1999, the company filed for Chapter 11 bankruptcy and sold its European division to Husqvarna AB. In October 1999, its North American operation was acquired by the Taiwanese company Jenn Feng Industrial Co. Jenn Feng ...
In 2018, industrial power tool maker Stanley Black & Decker acquired a minority stake of 20%, worth $234 million, in MTD Products in an attempt to capture a larger share of the outdoor garden equipment market. [3] In 2021, the remaining 80% was purchased by Stanley Black & Decker for $1.6 billion. [4]
Prior to Stanley Black & Decker's acquisition in December 2021, MTD Products was a majority family-owned, private company. It originated as a tool and die maker MTD's main competitors are Ariens, Briggs & Stratton, Husqvarna, John Deere, Stiga, Stihl, and The Toro Company. Over the years, MTD acquired the Troy-Bilt, Bolens, Cub Cadet, Craftsman ...
1910 – "The Black & Decker Manufacturing Company" was founded by S. Duncan Black (1883–1951) and Alonzo G. Decker (1884–1956) as a small machine shop in Baltimore in September. Decker, who had only a seventh grade education, had met Black in 1906, when they were both 23-year-old workers at the Rowland Telegraph Company.
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