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Armstrong was founded in 1890 as the Armstrong Bros. Tool Company in Chicago, Illinois by the four Armstrong brothers. The brothers manufactured bicycle parts and tools for repairing and manufacturing bicycles from the brothers' backyard shed and managed a retail store in downtown Chicago.
In 1994, Danaher acquired the tool company Armstrong Tools, ... The aggregate purchase price for the combined transactions is $1.1 billion. [20] 2011–2020
As of 2021, the Apex Tool Group website's Allen page has been purged of all content except for the rebranded Allen logo, the Armstrong logo erroneously referred to as the brand image, and the brand site URL, now a redirect to Crescent. [11] No public announcement has been made for the end of productions under the Allen name. [citation needed]
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.
Tools from the mid-20th century had distinctive art deco styling and remain highly collectible. [8] Blackhawk also partnered with the Armstrong Bros. Tool Company in the late 1920s through the late 1940s to produce a range of open-ended wrenches under the "Blackhawk–Armstrong" label. [9]
In 2011, Armstrong's net sales were $2.86 billion, with operating income of $239.2 million. [17] Armstrong Cabinets was sold by Armstrong World Industries to American Industrial Partners on October 31, 2012. Armstrong spun off its flooring business into a new company, Armstrong Flooring (NYSE: AFI) on April 1, 2016.
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