Klein Tools acquires Australian tool brands

  • Chairman Thomas Klein, Sr. and retired Chairman Mat Klein, III of Klein Tools in Lincolnshire. The company recently acquired the Wattmaster and Alco brands of electricians' tools, expanding its presence in Australia.

    Chairman Thomas Klein, Sr. and retired Chairman Mat Klein, III of Klein Tools in Lincolnshire. The company recently acquired the Wattmaster and Alco brands of electricians' tools, expanding its presence in Australia. Steve Lundy/Daily Herald file photo

 
Updated 2/5/2019 10:33 AM

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.

0 Comments
                                                                                                                                                                                                                       
 
Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.