Pratt-read Tools Bankruptcy

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Of Industry Manufacturing Founded (1900s) Headquarters Products Professional hand tools Website S-K Hand Tools is an American tool company located in. Major products include sockets and drive tools, wrenches, air tools, and other mechanics' tools. The company has a tool line of over 3,500 items including wrenches, ratchets, screwdrivers, tool boxes and air tools.

It has manufacturing facilities in and. Outlets for their products include independent tool-truck dealers, auto parts stores, and major internet vendors such as and. Dwa 123 11n Adapter Driver on this page. Described SK as 'an iconic American brand for decades,' and the company is known for inventing the round-head. History [ ] SK was founded as the Sherman-Klove Company, specializing in screw-machine products, by Mason H. Sherman and Noah Grover Klove. The company was founded in the early 20th century to supply munitions in World War I, and made mortar housings in a screw machine plant on Harrison Street in Chicago.

Pratt-read Tools BankruptcyPratt-read Tools Bankruptcy

During the 1920s SK operated primarily as a contract company, making tools for other brands (including ). Business thrived, they made specialty screw machine products that did well until the depression. Sherman (W.S.), Mason's son, came to SK after graduating college in 1927 and was eventually a major owner of the company.

One of the products the company made was socket wrenches for Hinsdale Socket and Wrench Company. The Hinsdale Company went out of business during the great depression leaving Sherman-Klove with a large inventory of this product, they then redesigned the product and changed the company name to S-K Tools. Theodore Rueb, an engineer for the Sherman-Klove Company, went on to develop a new mechanism for a very successful line of ratchets, scaled from 1/4-drive up to 3/4-drive.

SK Professional Tools; Pratt-Read. The iconic SK Hand Tools declared bankruptcy in. Manufacturer of forged tools for 32 national U.S. Brands, and Pratt-Read. It’s official, SK Hand Tools has declared bankruptcy. It is also rumored that Ideal Industrials, who recently acquired Pratt-Read and Western Forge. Power-operated screwdriver parts, namely, drivers and bits and power tool driver accessories in the nature of bits for power owned by: pratt-read.

The 'round-head' ratchet has remained one of the most popular ratchet styles in the seven decades since S-K's first development, and many modern ratchets are little changed from the earliest design. SK invented the round-head ratchet wrench in 1933 and received a patent for it the following year, which remains a mainstay of their, and every major competitor's product line today. In 1962, SK, along with manufacturing partner Lectrolite Corp., of, was bought out by Symington-Wayne and became SK Wayne. In 1968 S-K Wayne was purchased by Dresser Industries as part of the merger between Wayne Oil and Tank Company and Dresser Industries. Philips Speechmike Pro 5274 Windows 7 Driver. Dresser Industries made many changes to S-K's tools including dropping the cross-hatch pattern from their sockets in order to 'modernize' them. In 1985, SK became part of the French company Facom Tools.

Hand tools: Number of employees. Pratt-Read is an American manufacturing company based in Sycamore. In 2009, Pratt-Read filed for Chapter 11 bankruptcy protection.

In 2005 it was purchased by its management and again operated independently as the S-K Hand Tools Corporation. On June 29, 2010, the company declared bankruptcy. On August 23, 2010, it was announced that two days later, on August 25, 2010, would acquire SK.

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Pratt-Read was one of the oldest manufacturing companies in the state. The business, which started in 1798 in Ivoryton, first made buttons and other objects from ivory.