▲ 10 r/powertools
Interesting article about the power tool industry and private equity.
https://www.worseonpurpose.com/p/your-power-tools-got-worse-on-purpose
"In 2005, a Hong Kong conglomerate bought Milwaukee for $626 million and poured money into it. In 2017, an American conglomerate bought Craftsman for $900 million and built a factory that couldn't stamp its own name on a socket."
u/reddithab1 — 7 days ago