The story
Ideal was founded in 1916 by J. Walter Becker as the Ideal Commutator Dresser Company in Chicago, Illinois, manufacturing commutator dresser stones. In 1924, Becker relocated the company to its current location in Sycamore, Illinois. By 1949, it had become the United States' leading producer of wire nuts.
In 2010, Ideal acquired three American hand tool manufacturers: Western Forge in January, Pratt-Read in March, and SK Hand Tools in August.
Ideal acquired Cree Lighting (not including Cree LED) in 2019, and sold the business to Advanced Lighting Technologies (ADLT) in 2023.
From Wikipedia’s article on Ideal Industries, shared under CC BY-SA 4.0.5