December 08, 2016 7:42 AM ET

Household Durables

Company Overview of KCD IP, LLC

Company Overview

KCD IP, LLC, doing business as Craftsman, manufactures and distributes hand tools, power tools, lawn and garden tools, as well as storage and garage tools. Its hand tools category of products include hammer pull sets, brake service kits, sensor socket sets, mechanic tool sets, homeowner tool sets, wrenches, ratchets, screwdrivers, pliers, nut drivers, hammers, clamps, and tool carriers. The company’s power tools category includes corded and cordless handheld power tools, bench power tools, saw blades, batteries, chargers, power tool accessories, compressors, miter saws, rivets, and riveters. Its lawn and garden tools category includes lawn mowers and tractors, yard power equipment, snow equi...

3333 Beverly Road

Hoffman Estates, IL 60179

United States

Founded in 1927

Phone:

847-286-2500

Key Executives for KCD IP, LLC

KCD IP, LLC does not have any Key Executives recorded.

KCD IP, LLC Key Developments

Sears To Explore Alternatives For Two Businesses

Sears Holdings Corporation (NasdaqGS:SHLD) will look for alternatives for the Sears Home Services business and the unit that houses the Kenmore appliance, Craftsman tools and DieHard, KCD IP, LLC. The company said in a filing, "Accordingly, our Board of Directors has decided to explore alternatives for KCD (Kenmore®, Craftsman® and DieHard®) and SHS (Sears Home Services). Our iconic KCD brands are beloved by the American consumer and we believe that we can realize significant growth by further expanding the presence of these brands outside of Sears and Kmart. Similarly, our SHS business, which is the nation’s leading provider of in-home services (Protection Agreements, Parts Direct, Delivery/Installation/Repair and Home Improvement), has greater potential than what we have delivered in the past." LionTree Advisors, LLC and Citigroup Global Markets Holdings Inc. have been hired to advise it on the search for alternatives for its appliance and tools brands and its home-services business.

Sears Holdings Corporation Names Tom Park as President of Kenmore, Craftsman & Diehard

Sears Holdings Corporation announced the appointment of Tom Park as president, Kenmore, Craftsman & DieHard, the company's business unit. Park most recently served as the vice president and general manager of the Linksys division of Belkin International where he has held various senior level roles since 2004. Prior to Belkin, he served as the director of finance for Walt Disney Imagineering. Park was promoted to vice president and controller of Disney Consumer Products and then to vice president and general manager of Disney Collectibles, which later became Walt Disney Classics under his leadership. He also was senior vice president of Disney Direct Marketing and president of The Disney Store Worldwide. Park has also previously held positions at Unisys, EStyle and MGA Entertainment.

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