Harbor Freight is owned by the family-run holding company, named Central Network Retail Group, Inc. based in Calabasas, California. Central Network Retail Group, Inc. was founded by Eric Smidt in 1997 and over the years, they have acquired and operated numerous leading consumer brands, such as Bestform Foundations, Northern Tool + Equipment, and Air Compressors Direct.
As of October 2019, the company employs over 30,000 people in 800+ stores and has achieved over $4.4 billion in annual revenues.
Is Harbor Freight a Chinese company?
No, Harbor Freight is an American company. Founded in 1977 by Eric Smidt, it is headquartered in Calabasas, California and operates over 1,000 stores in 47 U. S. states. Harbor Freight Tools is the nation’s leading retailer of high quality auto parts and hand tools at discount prices.
All of the products sold at Harbor Freight are made in the USA and imported from countries including China, Mexico, and Taiwan. Although Harbor Freight does source some items from China, the company itself is not Chinese.
Is Snap On owned by Harbor Freight?
No, Snap-on is not owned by Harbor Freight. Snap-on is a global manufacturer and distributor of hand and power tools, diagnostics software, information and management systems, and shop equipment for professional users.
It is headquartered in Kenosha, Wisconsin and has operations in the United States, Europe, Asia and Australia. Harbor Freight, on the other hand, is a US-based discount tool retailer that operates retail stores in the United States, offering tools and accessories through its website and through direct mail campaigns.
The company is headquartered in Calabasas, California and is privately owned by its founder, Eric Smidt. While the two companies don’t have any ownership ties, Harbor Freight does sell some of its products through Snap-on Direct, which is Snap-on’s program that offers quick and easy purchasing options to businesses.
How much is the owner of Harbor Freight worth?
The estimated net worth of Eric Smidt, the owner of Harbor Freight, is $5 billion. Smidt is a billionaire entrepreneur and investor who made his fortune founding and operating the discount tool and equipment retailer.
Smidt founded Harbor Freight in 1977 with the help of his father, and it grew to become the largest tool and equipment catalog retailer in the US with more than 1,000 locations. Smidt is noted for his shrewd business acumen and his commitment to finding ways to keep prices low in order to serve the working class.
He was named one of Forbes magazine’s 400 wealthiest individuals, with a net worth of $5 billion. Smidt has diversified his wealth in investments, philanthropy and other enterprises. His investments have been in stocks, bonds and other financial instruments, real estate and other private-equity funds, and philanthropy.
He has also invested in the technology, entertainment, consumer products and other industries. Smidt is a respected philanthropist, donating millions to charities and to causes he believes in. He has donated to numerous organizations, including the American Red Cross, the Salvation Army, the Boy Scouts of America, and the Make-A-Wish-Foundation.
What is Eric Schmidt net worth?
Eric Schmidt’s net worth is estimated to be around $14.1 billion, according to the Bloomberg Billionaires Index. Eric is the current executive chairman of Alphabet Inc. , which has a current market capitalization of $808 billion, making it the third largest company by market cap in the United States.
Eric was the CEO of Google from 2001-2011 and was the Executive Chairman of the Board from 2011-2015. He retains a position on the Board and is currently the Technical Advisor for the company. During his tenure as CEO, Eric was instrumental in completing several of Google’s successful acquisitions, such as YouTube and Android.
He also inspired many of the company’s strategic initiatives, such as Google’s internal “20% time” policy which encourages employees to work on their own projects. Additionally, Eric was an important figure in Google’s IPO in 2004, helping the company become one of the largest and most successful companies on the planet.
Outside of Google, Eric is a venture capitalist and philanthropist, regularly donating to causes such as scientific research, clean energy, and education initiatives. He has also been highly active in policy and advocacy, speaking on topics such as technology and climate change.
Who owns Pittsburgh tools?
Pittsburgh Tools is a brand name owned by Harbor Freight Tools, a retail tool company based in Calabasas, California. Founded in 1977, Harbor Freight Tools operates over 1,000 retail stores in the United States and offers an extensive range of hand tools, power tools, air tools, and automotive tools.
Most of their product line is sourced from China and sold through their retail network, direct mail, and other distribution points. Additionally, the company owns several brands, including Pittsburgh Tools, Central Hydraulics, US General, Haul-Master, Lynxx, Vulcan and One Stop Gardens.
Pittsburg Tools is a full line of hand tools, power tools, and automotive tools, including ratchet and socket sets, drill bits, hammer drill kits, and more.
How many harbor freight locations are there?
As of 2020, there are 958 retail locations in 48 U. S. states and Puerto Rico, as well as an online store. Harbor Freight stores can be found in all major states and most major cities, so it’s easy to find at least one store within driving distance, and you can also shop from their online store.
Harbor Freight also has several corporate owned Tool Stores, and independent dealers who carry their products in various locations across the country. There are usually several one-day, deep discount events held in various locations throughout the year, so be sure to check out their website or stores for additional savings.
Who owns super yacht Infinity?
The exact ownership of the super yacht Infinity is shrouded in mystery. It is widely believed that the luxury vessel is owned by the Russian billionaire Andrey Melnichenko, who has a net worth of approximately $17 billion.
Andrey is known to own several superyachts and has a penchant for building some of the most extravagant vessels ever built. The yacht first appeared in the Mediterranean in 2008, and in 2011 it was spotted off the coast of Miami.
The sheer size of the Infinity makes it one of the largest and most expensive superyachts in the world. It stretches a whopping 465 feet and features seven decks, pool, helipad, beach club, and multiple hot tubs.
It is estimated the Infinity cost at least $300 million to build and maintain, putting it among the most expensive vessels ever constructed.
Little is known about the occupancy of the Infinity, and Andrey Melnichenko is known to be fiercely private regarding the details of his yachts. Guests aboard the Infinity have included some of the world’s wealthiest individuals, including Bill Gates, who was invited for a three-day party aboard the Infinity in 2016, reportedly at the cost of $2 million.
Who owns the majority of Snap-On Tools?
The majority of Snap-On Tools is owned by shareholders. The public owns roughly 72% of the company’s shares, with institutional investors owning the remaining 28%. However, the controlling shareholder is the KCD IP, LLC, a holding company owned by the Sonnentag family.
The family’s patriarch, David Sonnentag, has been a shareholder since 1990 when he purchased the company’s controlling shares. David’s son, Nicholas Sonnentag, took over as CEO in 2018 after a long period of leadership by the founding family.
Nicholas’s sister, Lisa Sonnentag-Reeder, also serves as Vice Chairperson on the company’s board, working alongside two other independent board members.
What company makes snap-on tools?
Snap-on Inc. is a manufacturer of professional tools and equipment founded in 1920 by Joseph Phillips. The company is best known for its hand tools, such as wrenches, screwdrivers, and pliers, as well as its power tools, such as impact wrenches, drills, and grinders.
The company also produces tool storage products, diagnostic equipment, and vehicle lifts. Snap-on’s products are used in a variety of industries, including automotive, aircraft and medical. Snap-on Inc.
has a global presence, with locations in more than 140 countries and nearly 20,000 employees in over 400 company-owned stores. The company has been named one of Fortune 500’s best companies to work for, and has consistently earned recognition as one of the best and most innovative tools manufacturers in the world.
Who makes floor jacks for Snap-On?
Snap-On manufactures its own line of floor jacks, which are engineered to last and provide years of dependable service. The floor jacks feature lightweight aluminum construction to make them easy to move, while the dual pump design enables them to handle heavy loads.
They are designed with a built-in safety overload feature that automatically shuts off the floor jack when max capacity is reached. Snap-On also offers a variety of accessories, including adapters, hoses and more, to customize the floor jack for specific applications.
All of their floor jacks are backed by a limited lifetime warranty, giving customers peace of mind when purchasing a Snap-On floor jack.
Are icon tools the same as Snap-On?
No, icon tools are not the same as Snap-On. Icon tools are a line of tools and accessories designed to help people work smarter and faster, while providing a reliable source of power and cutting-edge technology.
Icon tools feature interchangeable heads, cordless operation, and a mechanical hammer design that can tackle tough jobs quickly and easily. Snap-On, on the other hand, is a trusted toolmaker that has been manufacturing tools since 1920.
Their lineup of tools and accessories is varied, and is focused on providing durability and reliability. Whereas Icon tools emphasize speed and efficiency, Snap-On focuses on making sure that all of their tools exceed industry standards for quality and performance.
Who makes Pittsburgh automotive floor jacks?
Pittsburgh Automotive Floor Jacks are made by Pittsburgh Automotive, a family-owned manufacturer based in Phoenix, Arizona. Established in 1991, they have been providing quality automotive tools and equipment to automotive professionals throughout the United States for more than 25 years.
Pittsburgh Automotive product lines include floor jacks, service jacks, bottle jacks, transmission jacks, engine cranes and specialty jacks. Their floor jacks come in capacities of 1.5, 2, 3, and 4 tons, each jack is powered by a heavy duty steel and painted rugged enamel finish for extended corrosion resistance.
All Pittsburgh Automotive service jacks are made with a dependable lift ram for maximum support and stability. Pittsburgh Automotive floor jacks are also innovative, meeting the highest safety standards and made of heavy-duty steel for assured reliability and performance.
What’s the difference between Daytona and Pittsburgh floor jacks?
The main difference between Daytona and Pittsburgh floor jacks is their design and construction. Daytona jacks use a dual-piston design with an integrated pump handle, allowing for greater power and a smoother lift.
Daytona jacks are typically made of aluminum, which makes them more lightweight and easier to maneuver. Pittsburgh jacks use an older design with a single-piston and an outside handle for pumping. They are usually constructed from steel, which is more durable and makes them heavier than Daytona jacks.
Additionally, the additional weight of a Pittsburgh jack makes them slightly more stable than a Daytona jack.
In terms of most heavy-duty lifting purposes, Daytona floor jacks are the overall better choice due to their superior design and construction. Pittsburgh jacks are still a great option for lighter lifting tasks, such as changing tires and lifting vehicles in garages.
They also tend to be more economical than Daytona jacks, making them a great value for those on a budget.
Does Daytona make a good floor jack?
Daytona makes an excellent floor jack. This popular brand offers a high-quality range of floor jacks for a variety of needs and budgets. Their jacks are made with sturdy construction that can hold up to wear and tear and offer long-lasting durability.
The jacks have a relatively low profile, making them an ideal choice for those who need to fit their jack into a tight area. Daytona floor jacks also offer a wide selection of lifting heights and capacities, allowing you to find the perfect jack for your situation.
Additionally, Daytona floor jacks are designed to be easy to use and feature powerful hydraulics that allow you to perform a variety of tasks with ease. They also come equipped with safety features such as bypass and overload protection, helping to ensure that you stay safe when operating your jack.
Finally, Daytona floor jacks come with a warranty, providing extra peace of mind that your jack will last for years.
Are Pittsburgh car jacks good?
Pittsburgh car jacks are generally quite good. They are built from heavy-duty steel, making them quite durable, and they feature double locking safety bars that keep the jack from dropping, so you can feel safe when using one of these.
Additionally, they are designed to be compact and lightweight so they can be used in tight spaces and moved around at ease. The range of Pittsburgh car jacks also gives you a lot of variety for different jobs and lifting heights, so you are sure to find one that meets your requirements.
In short, Pittsburgh car jacks are an excellent choice for anyone in need of a reliable and effective way of lifting a car.
Are Torin jacks made in the USA?
Torin jacks are not manufactured in the United States. They are manufactured by Starr Manufacturing, which is based in China. However, Torin jacks are only sold in the United States. At this time, they do not have any jacks made or sold in any other countries.
Torin jacks are available from a variety of retailers, both online and in-store, in the United States.
Where are American Forge and Foundry jacks made?
American Forge and Foundry jacks are made in the United States. They have been making quality, heavy-duty lifting equipment since 1934. They specialize in manufacturing vehicle service jacks, shop cranes, lifts, material handling equipment, and related garage tools and accessories.
Their jacks are made to the highest standards, using industrial-grade components, and are engineered to meet the demands of professional technicians. They offer a wide range of products in various sizes and styles, ranging from small, hand-operated jacks to large, powerful units.
All of their jacks have been designed and tested to exceed stringent safety, durability, and reliability standards, so you can be sure of a safe and productive work environment.