Who owns DeWalt? DeWalt is a subsidiary of Stanley Black & Decker, a global diversified industrial company. Stanley Black & Decker owns a number of popular tool and equipment brands, including DeWalt, Black & Decker, and Craftsman.DeWalt was originally founded in 1924 by Raymond E. DeWalt and has a long history in the power tool industry. In 1960, it was acquired by American Machine & Foundry Co., Inc. (AMF). In 1989, the company was sold to the investment group Black & Decker, which later rebranded as Stanley Black & Decker in 2010 after a merger with Stanley Works. Today, Stanley Black & Decker continues to oversee DeWalt as one of its prominent brands.
DeWalt is a prominent American brand of power tools and hand tools for the woodworking, construction, and manufacturing industries. The company was founded by Raymond E. DeWalt in Leola, Pennsylvania, in 1923, who invented the radial arm saw, the first machine capable of making long, continuous cuts without need for repositioning. Initially named DeWalt Products Company, Raymond’s innovation revolutionized the woodworking industry. In 1947, the DeWalt Products Company was reorganized and reincorporated as DeWalt Inc.
In 1949, the company was purchased by the American Machine & Foundry Co., Inc. (AMF), a diversified manufacturer of industrial and consumer goods. Under AMF, DeWalt expanded and evolved its product line. In 1960, Black & Decker Corporation, a leading tool and appliance manufacturer, acquired DeWalt from AMF. Black & Decker proceeded to use the DeWalt brand for professional and industrial power tools while focusing on its flagship products for the consumer market.
In the years that followed, DeWalt began building its reputation as a leader in the power tool industry with innovative product launches. In July 2010, Black & Decker Corporation merged with Stanley Works, a leading global provider of hand tools, power tools, and industrial equipment, to create Stanley Black & Decker, the world’s largest tool company. With this merger, DeWalt became a subsidiary of Stanley Black & Decker and now operates as part of its global tools and storage division. To summarize, DeWalt was founded in 1923 by Raymond E. DeWalt and experienced two significant acquisitions through its history: first by AMF in 1949, and second by Black & Decker in 1960.
The merger of Black & Decker and Stanley Works in 2010 led DeWalt to become a part of Stanley Black & Decker. Today, DeWalt is owned by Stanley Black & Decker and remains a popular and trusted brand in the power tool industry.
Who was the original founder?
DeWalt was originally founded by Raymond E. DeWalt in 1923. Raymond was an American inventor and entrepreneur who was born on October 9, 1885, in Bridgeton, New Jersey. He is best known for inventing the radial arm saw, which revolutionized the woodworking and construction industries.
Raymond began his career as a woodworker in various mills and gained extensive experience with machinery. Eventually, in 1922, he founded the DeWalt Products Company in Leola, Pennsylvania, to manufacture and sell his radial arm saw invention. The company was later incorporated as DeWalt Inc. in 1924.
The company expanded its product range over time, and in 1947, it was reorganized and renamed as DeWalt Inc. In 1960, they were acquired by the American Machine & Foundry Co. (AMF), which eventually sold DeWalt to Black & Decker in 1960. Today, DeWalt is a major global brand and a subsidiary of Stanley Black & Decker, providing a wide array of power tools, hand tools, and accessories for professionals and DIY enthusiasts alike.
FAQ – Who Owns Dewalt
1. Who is the current owner of Dewalt?
DeWalt is currently owned by Stanley Black & Decker, an American manufacturer of tools and hardware.
2. When was DeWalt acquired by Stanley Black & Decker?
Stanley Black & Decker acquired DeWalt in 2010 as a part of its merger with The Black & Decker Corporation.
3. What products does DeWalt manufacture?
DeWalt is known for manufacturing a wide range of power tools, hand tools, and accessories for construction, woodworking, and industrial markets.
4. When was DeWalt founded?
DeWalt was founded by Raymond E. DeWalt in 1923.
5. Where is DeWalt headquartered?
DeWalt’s headquarters are located in Towson, Maryland, United States.
Sources for More Information
- DeWALT Official Website
- DeWALT Wikipedia Page
- Stanley Black & Decker Brands
- Stanley Black & Decker on Forbes
Featured image provided by JESHOOTS.com; Pexels; Thanks!