philw and interested parties,
As most of you know, Danaher has been a principal supplier to Sears/Craftsman tools since the early 1990's. I was rereading a PM philw sent me regarding Moore Drop Forge/Easco/Danaher. Lots of good thought and research in that PM. Since Danaher is the reighning Big Dog supplier now, I thought I would construct a time line on Danaher and see if the known facts fit with everybodies recollections and sense of the OEM situation. Maybe this will stir some thought on the subject and our quest.
I did my research on the internet. I checked Danaher Annual Reports, SEC filings, and news (PR) releases. I also checked newspaper clips, wire service clips, and business reports. I tracked down info on Danaher's subsidiary companies (acquisitions) where possible. Here's what I found:
Danaher Time Line
1969 DMG, Inc REIT is established.
1978 DMG changes name to DMI (Diversified Mortgage Investors, Inc).
1980 New holding company is formed under DMG name.
1984 DMG holding company is renamed Danaher Corporation.
1969 -1984 During this period DMG/DMI/Danaher is simply a real estate holding company.
1984 - 1986 Matco acquired (1st tool manufacturing capacity).
1986 Danaher is reorganized as a Deleware Corporation.
1986 Chicago Pneumatics acquired (more tool manufacturing capacity).
1987 Ammco Tools acquired.
1988 Allen Tool and Jacobs acquired.
1989 George Sherman, formerly of Black & Decker became Pres & CEO.
1990 Easco Hand Tools and K-D Tool acquired (more tool manufacturing capacity; Easco had 4 facilities including Gastonia at the time). Danaher assumes Easco's contract with Sears as principal OEM of Craftsman tools.
1991 Danaher awarded sole manufacturer for Sears/Craftsman (tools made up 49% of Danahers sales that year; main customers were Sears & NAPA).
1995 Armstrong acquired (more tool manufacturing capacity).
1997 GearWrench acquired and is combined with Easco to form Danaher Tool Group (DTG).
1998 Fluke Corp. acquired. SATA Hand Tool launched, as a brand, in China and other parts of Asia.
2001 Danaher attempted to acquire Cooper Industries but failed.
2003 Danaher launches 2 new products, thin profile ratchets & Hi-Vis sockets.
2005 Danaher closes Springfield facility. GearWrench expands tool line moderatly (XL GearWrench line)
2006 GearWrench expands and extends tool line substantially (X-Beam wrenches, QuadBox wrenches, Locking Head Pass Thru Ratchets, and Ratcheting Taps & Dies).
2007 Danaher claims, in their annual report, to have been the principal manufacturer of Sears/Craftsman line of mechanics hand tools for over 65 years (i.e. back to 1942). I'm sure they are including the Moore Drop Forge/Easco/Danaher family tree, but that would put Moore Drop Forge in the mix before modern series tools were thought to have been introduced).
Philw--Does this square with your thoughts on the evolving tool manufacturing situation at Sears/Craftsman? Does it clear things up or does it muddy things up? I'm sure there are some holes/gaps (i.e. Allen tool acquisition) in the time line; if you can supply anything I missed let me know.