Yep. Many brand names have become applied to the generic term for a tool. A crescent wrench, channel-lock pliers, phillips screwdriver are but a few. Not that the original was always better or a 2nd gen generic tool can't be as good or better than the original. Williams Tool made better adjustable wrenches than Crescent Tool.
Good tools are where you find them. The best pair of adjustable pliers (channel-locks) I ever owned were cheapo knock-offs made by Wizard and sold by Grand Auto. Hardened jaws and form-fitting handles at half the price. Also, many tools are simply rebranded. You don't think Snap-On actually makes all those tools, do you? They may have super good wrenches, but I once bought a Snap-On oil can that was cheap junk and broke the first time I used it. Many once great brand names have been bought by Chinese companies. I've got an old B&D 3/8" adj drill motor that's almost indestructable. Will run till it's too hot to hold. I wouldn't give eight cents for the new B&D line.
nb