Cornwell Tools

Cornwell Quality Tools
Private
Industry Manufacturing
Founded 1919 in Cuyahoga Falls, Ohio
Headquarters Wadsworth, Ohio
Products Professional hand tools
Slogan The Choice of Professionals Since 1919
Website www.cornwelltools.com

Cornwell Tools is a professional tool manufacturer for the automotive and aviation industries.[1] The company is based out of Wadsworth, Ohio. Cornwell produces most of their own hard line of tools such as ratchets, sockets, wrenches, pry bars, and chisels at their Albion, Pennsylvania foundry and Mogadore, Ohio machining plants. They also carry allied air, electric, and diagnostic tools, with quality considered on par with Mac Tools and Matco Tools. They also carry a similar lifetime warranty on all hand tools.[2]

The company was founded in 1919 by Eugene Cornwell, a blacksmith from Cuyahoga Falls, Ohio. Cornwell is the only privately owned mobile tool distribution business in the U.S.[3]

Cornwell Tools are sold by local tool distributors who own a territory by means of a franchise.[4] The franchise owner drives to the work locations of potential customers, and typically offers financing to individuals buying their tools. Cornwell trucks are white with large blue and black Cornwell Ironman logos on their sides.

Cornwell was sued for fraud in a class action lawsuit by 8 former Cornwell Dealers in Bacharach v.Cornwell Quality Tool Co. (Maybe unrelated but Cornwell now requires all new franchise operators to attend a two week training course in Ohio.)[5]

The Better Business Bureau of Akron Ohio where Cornwell Quality Tool Co. is headquartered gives the company an A- Grade (as of Jan 2015).[6]

The US Small Business Administration lists the Franchise operators of Cornwell Tool, Matco, and MAC having SBA loan failures in excess of 30% as of Dec, 2014.

References

  1. ↑ Detail: cornwelltools.com
  2. ↑ Ciulla, Vincent. "Tools, Part 1". About.com. Retrieved 2008-10-18.
  3. ↑ Cornwell Tools. "About Cornwell Tools". Retrieved 2008-10-18.
  4. ↑ Franchising Info
  5. ↑ http://www.sconet.state.oh.us/rod/docs/pdf/9/2011/2011-ohio-2498.pdf
  6. ↑ http://www.bbb.org/akron/business-reviews/wholesalers-and-distributors/cornwell-quality-tools-company-in-wadsworth-oh-32000081

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