Craftsman was NEVER a top-of-the line brand. They were the Sears STORE BRAND.
For a long time, they had good tools at good prices. After a wile, it wasn't sustainable, and Sears ended up selling what amounts to licensed Chinese knockoffs, while the competition offered similar quality tools for much lower prices. This, along with many other poor decisions from completely incompetent leadership has led to a slow-death of Sears.
SBD tried to open a new USA tool plant, but they couldn't get it to work due to labor/raw materials/machining issues (no doubt the Pandemic played a major part in this). IMO, Proto and Mac should be the USA-made options. From a profitability standpoint, Taiwan-sourced makes more sense for Craftsman. Lets be honest, a lot of the Tawian-made stuff is better than the old Craftsman, anyway, especially stuff from Sears' latter days.
I do think SBD bought the Craftsman brand mainly to keep other companies from getting it. I also think that Ideal Industries would have been a better fit, since around that time, they had Western Forge and Pratt-Read, who were major suppliers of many of the classic Craftsman tools in the first place. But they probably didn't have anywhere near enough financial resources to purchase the brand.
It was either gonna be SBD or Apex, and I doubt Apex would have even thought for a second about trying to re-shore. We would have had rebranded SATA/Duratech, and people would still be complaining. Plus Apex Tool Group is apparently for sale anyway. Like it or not, SBD was basically the only hope Craftsman had.
It's too bad the new Dallas plant didn't work out, but they tried, which is more than I can say for most other companies.