Tag Archives: acquisition

Klein Tool Acquires Ergodyne Work Gear

Klein Tools Ergodyne

The commitment to a Safer Work Place is a shared goal for many companies and tool brands, Ergodyne has been a leader at the forefront of this push with one of the most extensive collection of tool tethering and storage solutions for working at heights. Klein Tools is the brand most trusted by electricians, many working at heights so this is a very logical partnership. Ergodyne has tons of tool storage solutions, FR clothing and other safety items that just make a lot of sense to work with existing Klein tools and help in new product development for both brands.

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At 8:27 AM | Posted in Ergodyne, Klein Tools | Leave a comment

Southwire Tools Acquire ProBuilt & WobbleLight

Southwire Wobble Light

If you can’t beat’m join’m they say. Southwire Tools has been growing both with aggressive product development but also with some very smart strategic acquisitions such as very recent purchase of Garvin Industries, to join Colman Cable for their Extension Cords, Maxis for Knockouts & Wire Pullers, Sumner for material lifts, material carts, pipe stands and the list goes on. Southwire is already a leader in LED jobsite lighting but with the addition of ProBuilt they will now one of the market leaders for construction temporary lighting. We have been very impressed with the investment they have made in the brands that join the Southwire family with lots of investment in R&D we thing they’ve made a lot of improvements along the way. Does this mean the Matte Black Wobble Light will be here soon, we hope so!! We will know more very soon in the meantime check out the Southwire Press Release below: (more…)

At 5:09 PM | Posted in Cordless Tools, Electrician Tools, Southwire | Leave a comment

Ridgid & GreenLee Are Now One Company

Ridgid Greenlee Sluggo

Just announced Emerson (Parent Company of Ridgid) has just acquired the Tools & Testing division of Textron (Parent Company of GreenLee). For many years these iconic brands were focus exclusively on their respective trades Ridgid was synonymous with Plumbing Tools while GreenLee Electrician Tools. In recent years these once near monopolies have been the target for many brands to challenge; Milwaukee, Dewalt, Southwire – Maxis – Sumner, Current – Jackson, iTool, Wheeler Rex, among others have all been able to take chunks of business away with new tool innovations, more aggressive pricing and keeping ample stock. With both brands now part of the Emerson Family, will they be able to leverage them together to reclaim some lost ground? (more…)

At 10:59 AM | Posted in Greenlee Tools, Ridgid | Leave a comment

Southwire Tool Acquires Sumner Equipment

Southwire Buys Sumner

Our friends at Southwire Tools have been on a bit of a buying spree over the last few years with Maxis Pullers, Coleman Extension Cords and now Sumner Equipment. While Southwire is focused on electrical trades and Sumner more on the welding & mechanical trades we see a lot of reasons this acquisition makes sense for both parties. Southwire has been aggressively pursuing product development as well with products like their SIMpull Fishtapes, Bluetooth Mulitmeters or partnering with Milwaukee Tool for Southwire crimpers using the M18 battery platform, coming in Q1. It would be our hope this pursuit of product development will translate to the Sumner product line as well moving forward. We will see where it all goes but it is pretty exciting news for fans of Southwire and Sumner, see full Southwire press release below. (more…)

At 3:36 PM | Posted in Southwire | 1 Comment

Hitachi to Acquire Metabo Tools

Hitachi Tools Metabo Tools

Well it looks to be true from this Hitachi Press Release that controlling interest, (80% or 100%) of Metabo will soon be acquired by Hitachi. We’d guess both companies would remain intact because the Metabo name is very strong but how will this shake out? Recently we have been very impressed by what Metabo has begun to do in cordless tools, innovating not only the batteries with Li-HD but really stepping up the game in brushless grinders, hammer drills and big plans for new products in 2016.

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At 6:20 PM | Posted in Cordless Tools, Metabo Tools, Tool Blogs | 1 Comment