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Channellock history
Channellock company history timeline
Hard work is in our genes, check out the CHANNELLOCK® story below — from 1886 to now.
In 1886, a blacksmith decided to begin improving the farriers' tools available at that time.
But, with the help of a few local businessmen and his wife, Eva, George obtained the needed capital and had the company up and running again in 1894.Word of DeArment's farriers' tools began to spread, and in 1902 he received the "royal" treatment. Thus began an American hand tool legacy.1893 proved to be a difficult year for George B. DeArment.
The company lost all of its cash assets when a local bank teller stole the bank's funds; however, DeArment raised enough capital to get the company up and running again by 1894.
DeArment's business continued to grow, and in 1904 the Champion Bolt & Clipper Company moved to Meadville, PA. The town of Meadville enticed George B. to move his company by offering him a loan of $6,000.
After the retirement of George B., the two brothers took over the company, Almon directing development and production, and brother J.H. in charge of sales and administration.In 1914, the brothers once again expanded Champion's product line, this time to include hammers.
After the death of George B. in 1917, Champion was soon on the move again, literally.
In 1927, J. Howard passed away, leaving Almon solely in charge of the company.
The pliers were named "Channellock," and a patent and trademark protection were granted in 1935.
Patents were granted for both improvements.By 1963, the word Channellock was so synonymous with their product that the company's name was changed from Champion-DeArment Tool Company to Channellock, Inc. in order to preserve the trademark and capitalize on its extensive name recognition.
Over the years, Channellock, Inc. obtained several patents including one in 1965 for the conical surface created on the cam side of the tongue and groove pliers.
In 1984, Channellock® obtained a patent for the PermaLock fastener for their Tongue and Groove Pliers and continues to add to its product line including patents for the 369CRFT™, Air brake tool 444, Locknut plier 960 and Rescue Tools 88 & 89.
In 2014, Jonathan “Jon” S. DeArment was named as the President and Chief Operating Officer.
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Channellock competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Apex Tool Group | 2010 | $1.6B | 8,000 | - |
| Zippo | 1932 | $390.0M | 1,020 | 6 |
| Milwaukee Tool | 1924 | $729.3M | 5,500 | 205 |
| Haas Automation | 1983 | $1.0B | 1,500 | 9 |
| Mac Tools | 1938 | $220.0M | 2,300 | 566 |
| Moog | 1951 | $3.6B | 10,976 | 334 |
| Gardner Denver | 1859 | $2.7B | 6,200 | 282 |
| Lucas Oil Products | 1989 | $500.0M | 500 | 22 |
| Klein Tools | 1857 | $550.0M | 2,500 | 5 |
| Snap-on Tools | 1920 | $4.7B | 12,600 | 279 |
Channellock history FAQs
Zippia gives an in-depth look into the details of Channellock, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Channellock. The employee data is based on information from people who have self-reported their past or current employments at Channellock. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Channellock. The data presented on this page does not represent the view of Channellock and its employees or that of Zippia.
Channellock may also be known as or be related to Channellock, Channellock Inc and Channellock, Inc.