Who Owns Harbor Freight?

Who owns Harbor Freight? Eric Smidt is the owner and CEO of Harbor Freight Tools which he co-founded with his father, Allan Smidt, in 1977. Under Eric's leadership, Harbor Freight Tools has become the leading discount tool retailer in the United States with over 1,200 stores and 23,000 associates nationwide.

How rich is Eric Smidt?

ERIC SMIDT • Net Worth $4 Billion • House • Yacht • Private Jet • Harbor Freight Tools

Name: Eric Smidt
Net Worth: $ 4 billion
Source of Wealth: Harbor Freight Tools
Born: Jan 1, 1960
Country: USA

Who is the owner and founder of Harbor Freight?

Who is the president of Harbor Freight Tools?

Eric Smidt serves as the CEO / President of Harbor Freight Tools. Peter Racine serves as the VP, Supply Chain Operations of Harbor Freight Tools. Peter started at Harbor Freight Tools in

Is Harbor Freight American owned?

Los Angeles, California, U.S. Calabasas, California, U.S. Harbor Freight Tools is a privately held tool and equipment retailer, headquartered in Calabasas, California, which operates a chain of retail stores, as well as a mail-order and e-commerce business.

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Why is Harbor Freight so cheap?

Harbor Freight is able to sell quality tools at prices that are almost always cheaper than the competition because of its business model which began over 40 years ago. As a result, their retail price reflects an additional mark-up to cover that additional “middleman” cost in order to be profitable.

Does snap on Own Harbor Freight?

Snap-on is a part of Snap-on Incorporated, which is a publicly-traded company with symbol SNA. Harbor Freight is a privately-owned company.

Where does the owner of Harbor Freight live?

Smidt and his wife live in a 35-room Beverly Hills mansion called "the Knoll," whose previous residents include oilman Marvin Davis and country singer Kenny Rogers. In 2013, Smidt and his wife created Harbor Freight Tools for Schools, a philanthropic initiative that supports skilled trades education in America.

Does Harbor Freight make money?

Since Harbor Freight is a private company, there's no sales data, information about growth, or details regarding in-store vs. online sales. Still, we can conclude that 1) Harbor Freight is a large company, and 2) Harbor Freight is a successful company. Companies don't grow and add retail locations without making money.

Who makes Pittsburgh tools?

Pittsburgh tools are made & sold exclusively at Harbor Freight Tools. Our Pittsburgh hand tools and automotive tools are sold across the United States at all 1,100+ Harbor Freight locations and online at harborfreight.com.

What is the stock symbol for Harbor Freight?

Harbor Diversified Inc (HRBR)

Where is Harbor Freight's headquarters?

Harbor Freight Tools

How many stores does harbor freight have?

We have 1200+ stores nationwide and each location is a one-stop-shop for the widest assortment of quality tools at the lowest prices you can find.

Is Harbor Freight a franchise?

Harbor Freight's Real Estate Department is currently considering hundreds of new locations across the U.S. All of our stores are company-owned. We do not offer franchises.

Who is Allan Mutchnik?

Allan joined Eric Smidt's team in 2012 to help lead Harbor Freight Tools, and to help manage the Smidt family's interests and philanthropy, and where he helped establish Harbor Freight Tools for Schools. Allan also serves on the board of The Smidt Foundation.

Is Harbor Freight family owned?

Our journey began in 1977, when Eric Smidt and his father launched Harbor Freight Tools. 40+ years, 1200+ stores, and over 40 million satisfied customers later, not only are we still family owned, but we've stayed true to our mission.

Is Harbor Freight successful?

Yes, Harbor Freight is a very successful brand and business. It's retail stores drive hundreds of millions in revenue every year. The untapped opportunity for Harbor Freight Tools is enormous.

What is the starting pay at Harbor Freight?

Harbor Freight Tools Jobs by Hourly Rate

Job Title Range Average
Sales Associate Range:$9 - $17 Average:$12
Sales Supervisor Range:$12 - $20 Average:$15
Senior Sales Associate Range:$9 - $17 Average:$12
Retail Sales Manager Range:$14 - $26 Average:$19

Is Harbor Freight low quality?

Bottom line is Harbor Freight tells you how it is. No fancy marketing smoke and mirror scheme. Yes, the tools are cheap and the quality is cheap, but the value to the consumer is unmatched. A $39 Harbor Freight drill is not going to compare to a high end $200+ modern brushless drill.

Is Pittsburgh a good brand of tools?

Pittsburgh tools are known for their unbeatable value and exceptional quality. Some of the hand tools that Pittsburgh makes are screwdrivers, ratchets, wrenches, pliers, and sockets – in addition to many others. The average rating of Pittsburgh tools in reviews across the web is a 4.5 stars out of 5.

Are Craftsman tools made in the USA?

Select CRAFTSMAN power tools, hand tools, lawn and garden equipment, and storage are being made with pride in the USA with global materials–and it's here to stay. We're bringing job opportunities and pride in craftsmanship back to America.

Is Kobalt made by Snap-on?

In 2003, the Danaher Corporation took over the manufacturing of Kobalt tools as J.H.Williams became Snap-On Tools. In 2011, Lowe's again switched manufacturers to J.S. Products of Nevada, which still makes the tools today.

Is snap-on Made in China?

Who makes Iconwrenches?

The company Harbor Freight makes Icon Tools. Harbor Freight is a company based in California. They own and operate over a thousand retail stores in 48 states, selling lower-priced versions of useful tools. Harbor Freight has an online store, too, with a huge inventory.

Where are Harbor Freight Tools made?

All of our tools are designed and built in partnership with the same factories that many of our top leading competitors use.

When was Harbor Freight founded?

Harbor Freight Tools

What is Harbor Freight employee discount?

We offer a 20% discount to our associates and their immediate family that can be used on all regular and sale-priced items. We also have special events for family and friends of our associates to get exclusive discounts! Thanks for shopping at Harbor Freight.

Are Harbor Freight Tools worth it?

Harbor Freight actually has a decent amount of tools that are worth the money. They are good tools for the money that you could buy and be happy (in most cases) if you were on a budget. Most of us don't have unlimited money to spend on tools, so Harbor Freight is a great resource.

Are Pittsburgh jack stands safe?

Harbor Freight Tools is recalling more than 1.7 million Pittsburgh Automotive 3 Ton and 6 Ton Heavy Duty Steel Jack Stands. The jack stands may collapse under load, which can increase the risk of injury to people near or under a lifted vehicle.

Who manufactures Kobalt?

Kobalt is a line of hand and mechanics' tools, power tools, and tool storage products owned by the American home improvement chain Lowe's.

Kobalt (tools)

Product type Hand and mechanics' tools, power tools, and tool storage
Introduced 1998
Markets United States, Mexico, Canada
Website www.kobalttools.com

Who makes snap on tools?

Danaher also manufactures MatCo Tools, the third largest player in the Mobile Automotive industry (behind MAC and Snap-On). Odds are, if you own any Craftsman tools that are older than about five years ago, they were made by Stanley in plants in Dallas, Texas, Witchita Falls, Texas, and Sabina, Ohio.

Who makes tools for MatCo?

This includes over 13,000 different tools such as wrenches, screw drivers, gauges, and specialty tools. Matco produces their own line of high quality toolboxes in their Jamestown, NY manufacturing plant.

Matco Tools.

Type Subsidiary of Vontier
Parent Vontier
Website www.matcotools.com

What is Harbor Freight known for?

Headquartered in Calabasas, California, Harbor Freight operates a chain of retail stores, as well as a mail-order and e-commerce business. Harbor Freight is known for our ridiculously low prices on quality tools, all of which meet or beat the quality of the brand name competitors.

Does Ace Hardware have stock?

The Stock Performance of Ace Hardware Corp is significantly lower than the stock performance of its index.

International Peers - Ace Hardware Corp.

Company Name Stanley Black & Decker
Ctry USA
Market Cap. last (mUSD) 30 057
Beta 1-Year 1.16

Where is the Home Depot corporate headquarters?

The Home Depot

What is Harbor Freight return?


If for any reason you are not satisfied with an item purchased from Harbor Freight Tools, you may return the product within 90 days for a full refund or replacement, whichever you prefer. The limited warranty term is 90-day beginning on the date of invoice.

How do Bauer tools rate?

The Bauer feels good in your hand, is evenly balanced and has plenty of torque. This drill/driver package is affordable at $64.99 and fits with more than 40 20v cordless power tools. This drill/driver kit is a great buy!

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