Klein Tools acquires Australian tool brands
LINCOLNSHIRE -- Klein Tools said it has acquired the Wattmaster and Alco brands of electricians' tools, based in Carrum Downs, a suburb of Melbourne, Victoria, Australia.
Terms of the acquisition were not announced. Under the deal, Klein Tools acquired substantially all of the business assets of Wattmaster and Alco parent company ElMako Pty Ltd., the company said in a release.
"The Wattmaster business is very appealing to Klein Tools as we continue to expand our Australian market presence," said Thomas R. Klein, Sr., chairman of Klein Tools. "Wattmaster and Klein Tools have much in common, including loyal customers and reputations for high-quality products. We believe our combined resources will present additional growth opportunities."
Having celebrated its 50th anniversary in 2013, Wattmaster markets and distributes one of Australia's 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.