Companion Pneumatic Tool Set

This set was purchased NEW many years ago, but was never used. The tools are UNTESTED.

Companion was a brand name for less expensive tools and machines from Sears, Roebuck & Company.

The Craftsman trademark was registered by Sears on May 20, 1927. Arthur Barrows, head of the company's hardware department, liked the name Craftsman and reportedly bought the rights to use it from the Marion-Craftsman Tool Company for $500. The brand's early customers were mostly farmers. Barrows' successor, Tom Dunlap, upgraded the quality of the tools and added chrome plating to them as America moved into the automobile age.

Sears's tool line, like many of it's other product lines, uses a "good, better, best" pricing structure, with the Craftsman brand as the middle tier and Craftsman Professional or Craftsman Industrial as the highest tier. Craftsman Professional and Craftsman Industrial are marketed as being comparable to brands like Cornwell Quality Tools, SK, Snap on, Proto, Mac, and Matco. The standard Craftsman line is marketed as being comparable in quality to other mid-price brands including UltraPro (NAPA), Westward, Gray, Husky, and Kobalt.

The lowest tier was originally branded "Sears". The company also used the "Dunlap" name for it's lesser quality tools from the late 1930's until the late 1950's. The Sears tool line was discontinued in the late 1980's and replaced by the "Companion" tool line. The Companion tool line was itself discontinued and replaced by the "Evolv" tool line in 2008, with a focus on homeowners and DIYers. Evolv tools also have a lifetime warranty, but require that the customer have the original dated receipt to make a claim.

Since 1991, Sears has run the Craftsman Club customer loyalty program, one of the oldest such programs by a retailer.

Craftsman tools are sold in Sears and sister store Kmart, as well as Unites States military Army and Air Force Exchange Service stores, Navy Exchange stores, Summit Racing Equipment, Blain's Farm & Fleet, Menards, W. W. Grainger, Ace Hardware, Montgomery Ward, and Lowe's.

On January 5, 2017, Stanley Black & Decker announced it's intent to acquire the Craftsman brand in a deal with a total value of $900 million (with an up-front payment of $525 million, and a payment of $250 million after three years). Sears will hold a royalty-free license to the Craftsman brand for a 15-year period after the completion of the sale, and will receive a royalty on all new Craftsman sales over this period. Afterwards, Sears will pay Stanley Black & Decker a 3% licensing fee. The deal was closed on March 9, 2017. Sears maintains the right to manufacture and sell tools using existing supply channels under the Craftsman name for 15 years.

Lowe's announced in October of 2017 that it would start carrying Craftsman tools. This was the first new distribution announcement made after Stanley Black & Decker closed the Craftsman deal. However, at the time, Lowe's stated that Craftsman products wouldn't start arriving in it's stores and online until the second half of 2018.

***Please look at the attached photos for size and condition. Photos are part of the description representing the condition report and can be used for authentication prior to the sale date. We urge bidder's to view all attached photos in detail. All items are sold "AS IS". Thank you for your interest and good luck bidding.

Notes: Please inspect all photos carefully before bidding. Thank you for your interest and good luck bidding.

18%

Vincenza Marsullo | (860) 997-3332 | fil14fy@gmail.com

Pickup Details

Private Residence

Torrington, CT 06790

When to Pickup

Sunday, 7/25, 11:00 am to 4:00 pm

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