On 1/5/2017 12:40 PM, Leon wrote:
Apparently Craftsman was around before Sears acquired it 90 years ago.
And now Sears is selling Craftsman tools to Stanley.

http://finance.yahoo.com/news/sears-...--finance.html



Sears is selling Craftsman, most all of us assume just the tools. I
wonder what will become of the Craftsman lawn mowers/lawn power tools,
and Craftsman Garage door openers.

The article says that Sears will pay Stanley 3% royalty after 15 years.
That sounded odd to me as I sure they will continue to sell Craftsman
products so paying back 3% did not make sense if they are buying the
product from Stanley. Stanly could simply increase the cost to Sears by
3% BUT if they continue to use the Craftsman name on the items that
Stanley will not be buying, like the Chamberlain and Genie made
Craftsman Garage door openers, and or who ever manufactures the
Craftsman yard equipment, that may be where the 3% royalty kicks in.