January 14, 2014

Crescent, the hand tool brand from Apex Tool Group, launched its Crescent SwitchBlade, a new multi-purpose tool consisting of a handle base with four interchangeable heads, each of which serves a different cutting or gripping purpose. There is a multi-purpose blade, a heavy-duty straight cutting blade, a cable cutting blade and a bonus plier head. The different heads can be changed out easily in about five seconds. 

November 18, 2013

At the Distribution America and PRO Group Executive Planning Conference in Marco Island, Fla., hardware distributors and 10-year vendor participants of the event pose for a photographer shooting from a sixth-story balcony.


September 24, 2013

Apex Tool Group has appointed two new executives to its board of directors.

Thomas Wroe Jr., Sensata Technologies' chairman of the board and former CEO, will serve as chairman and will also be a member of the board's Compensation Committee. Terry Klebe, retired Cooper Industries vice chairman and CFO, will serve as Chair of the Audit Committee.

April 19, 2013

Lufkin, a premium tool brand from Apex Tool Group, announced that its new Lufkin Control Series tapes are now available for purchase at Home Depot stores nationwide.

October 10, 2012

Sparks, Md.-based Apex Tool Group, the maker of Craftsman hand tools, Lufkin tape rules and Crescent wrenches, among other products, is being sold to Bain Capital Partners. 

The deal is valued at about $1.6 billion, slightly more than Apex’s $1.5 billion in annual revenue. 

Apex is owned equally by Danaher and Cooper, two manufacturers that combined their tool businesses in July 2010 with the formation of Apex. 

September 28, 2012

Apex Tool Group, the makers of Crescent wrenches, Lufkin measuring tapes and some Craftsman brand hand tools, is in final negotiations with Bain Capital, according to a report by Reuters and other media outlets. The private equity firm that was co-founded by U.S. presidential candidate Mitt Romney has reportedly offered more than $1.5 billion for Apex, which is a joint venture between Danaher Corp. and Cooper Industries.

December 2, 2011

Wiss, a Sparks, Md.-based Apex Tool Group brand, has unveiled its Auto-Retracting Utility Knife, which automatically retracts its blade once it loses contact with the material being cut. This safety feature works even if the blade slider is in the open position.