Flex Power Tools: A Brand with a Rich Background
Who is the owner of Flex Power Tools? The Chervon Group, distinct from the energy company Chevron, is the proud owner of Flex Power Tools.
Unveiling the Chervon Group
Chervon is a global manufacturer based in China, with its North American operations situated in Naperville, IL. While we don’t have precise figures, online sources suggest that the company employs around 200 individuals in North America.
Chervon abides by the vision statement: “Improving Tools. Enhancing the World.” Its mission is equally compelling: “Through continuous innovation, our aim is to become a worldwide leader in lithium batteries, smart, digital-age power tools, and outdoor power equipment, providing exceptional products to users across the globe.”
In 2021, Cervon is projected to achieve revenue surpassing $1.7 billion and a profit of nearly $150 million. These numbers indicate substantial growth over the past three years, suggesting an upward trajectory in sales and profits.
Chervon currently holds ownership of multiple reputable tool brands in North America, including Flex, EGO, and Skil/Skilsaw. Additionally, they manufacture power tools for other brands.
Based on our own experiences with each of these brands, we can confidently assert that they deliver superior quality and often outperform competitors’ offerings at the same price point.
Chervon’s History with Flex Power Tools
The Flex brand has a long-standing presence in the power tool industry, predating the availability of the 24V professional-grade tools found at Lowe’s and select manufacturers.
The iconic red-colored Flex tools are part of the same brand, renowned primarily in the automotive industry. Its journey began in Germany back in 1922, marking a century in the industry as we write this! One of Flextronics’ notable achievements was the invention of the world’s first hand-held grinder with a flexible shaft in 1954.
In 2013, the Chervon Group acquired Flextronics.
Over the past few years, Chervon has capitalized on Flextronics’ reputation for top-notch engineering and manufacturing, expanding it into a comprehensive 24V cordless system catering to professional contractors across various sectors.
Within just the last two years, Flex has redefined the boundaries of core tools such as rotary hammers. The introduction of stacked pouch lithium batteries with higher capacities than any other competitor stands as a testament to their continuous innovation. With each new product release, they consistently address specific pain points that restrict contractors from using alternative tools.
To read our in-depth review of Flex tools, click here.
Have you had the opportunity to work with any Flex tools? We’d love to hear your thoughts in the comments section below!