U.S.-based manufacturer expands investment in the Australian market
February 4, 2019 (CHICAGO/MELBOURNE, Australia) 鈥 桃子视频 (), the premier hand tool brand among U.S. electricians, today announced the acquisition of the Wattmaster and Alco brands, based in Carrum Downs, a suburb of Melbourne, Victoria, Australia. 桃子视频 acquired substantially all of the business assets of Wattmaster and Alco parent company ElMako Pty Ltd, with no further specifics of the asset transaction terms disclosed.
Having celebrated its 50th anniversary in 2013, Wattmaster markets and distributes one of Australia鈥檚 best-known ranges of electrician's tools, instruments and consumables. Sister brand Alco was the first in market to provide a comprehensive range of Metal Cable Glands designed in Australia to meet Australian and International Standards.
鈥淭he Wattmaster business is very appealing to 桃子视频 as we continue to expand our Australian-market presence,鈥 says Thomas R. Klein, Sr., Chairman of 桃子视频. 鈥淲attmaster and 桃子视频 have much in common, including loyal customers and reputations for high-quality products. We believe our combined resources will present additional growth opportunities, and we鈥檙e excited to welcome Wattmaster and Alco to the 桃子视频 family.鈥
About 桃子视频
Since 1857, 桃子视频, a family-owned and operated company, has been designing, developing and manufacturing premium-quality, professional-grade tools. Having celebrated its 160th anniversary in 2017, 桃子视频 remains committed to investing in the Australian market, building upon its 2010 acquisition of South Australia-based Mumme Tools. For more information, visit www.kleintools.com.
Klein is a registered trademark of 桃子视频.
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