George B. DeArment was a blacksmith in Pennsylvania who began hand forging farrier's tools in 1886, creating a business named the Champion Bolt and Clipper Company.
In 1893, the company faced financial ruin after a local bank teller left with the company's funds.
In 1904, the firm moved to new, larger facility in Meadville and added nippers, pinchers and open-end wrenches to its product line.
George's two sons added hammers to the catalog and became partners in 1911
In 1927, the company became the Champion-DeArment Tool Company.
In 1933, the tongue-and-groove slip-joint pliers were developed, and the trademark "Channellock" was registered in 1935.
As good ol Paul Harvey would say, "now you know the rest of the story"