We continue to identify and invest in opportunities that drive significant, above-market organic growth across our businesses.
The Craftsman rollout quickly exceeded all expectations and, as a new standard-bearer in our Tools & Storage family, Craftsman is now firmly on the path to deliver a billion dollars in incremental revenues by 2021. Building on its Made in the USA heritage, Craftsman has broken ground on its new manufacturing facility in Dallas/Ft. Worth, Texas—a 425,000-square-foot plant featuring the latest in manufacturing technology and Industry 4.0 principles. This story has only just begun.
Outdoor Power Equipment
Our partnership with MTD started with a 20 percent stake in this industry leader of outdoor power equipment, with an option for a full purchase in 2021. Together, we are looking to grow MTD’s business through cost and revenue opportunities. The potential for growth is exciting as we leverage both companies' leading brands as well as technology advances in electrification, digital and autonomous in the outdoor power equipment market. Together, this partnership can take us in exciting new directions, particularly for expansion into the professional markets. We see this as a compelling long-term investment in an attractive, adjacent market where our brands and technology can flourish.
We continue to invest in Breakthrough Innovation teams in every business, inspired by digital and advanced technology. These teams focus on leveraging our innovation ecosystem to develop new solutions that can create and redefine markets with the potential to generate $100 million in sales. Successes such as FLEXVOLT, and now XTREME and ATOMIC ultracompact power tools, are in the market and generating hundreds of millions of dollars of growth.
With a 3-year compounded annual growth rate of 18 percent, we quickly have become a global e-commerce leader in the tools and storage marketplace—both in the developed and the emerging markets. This is connecting us to end users and customers in entirely new ways, and forging robust e-commerce partnerships with e-tailers and omnichannel customers across the globe.
STANLEY Engineered Fastening’s growth continues to outpace global automotive light vehicle production, capitalizing on key industrial trends such as light-weighting and electrification with innovative and highly engineered fastener solutions. The business is well-positioned to serve the burgeoning electric vehicle (EV) market, the largest and fastest-growing sector.
Acquisition Revenue Synergies
After just two years, the acquisition of Lenox and Irwin has been a success, adding prestigious brands, iconic tools and trusted accessories to our leading franchise in Tools and Storage. Acquiring Nelson added a significant industrial segment to our successful automotive business within Engineered Fastening. The successful integration of IES Attachments Group nearly tripled the size of our Hydraulics business within our Infrastructure organization. These brands not only bring acquisitive growth—each has brought revenue synergies, sparking collaborative opportunities and creative growth on all sides of the equation.