U.S.-based manufacturer expands investment in the Australian market
February 4, 2019 (CHICAGO/MELBOURNE, Australia) 鈥 狼友社区 (), 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. 狼友社区 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 狼友社区 as we continue to expand our Australian-market presence,鈥 says Thomas R. Klein, Sr., Chairman of 狼友社区. 鈥淲attmaster and 狼友社区 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 狼友社区 family.鈥
About 狼友社区
Since 1857, 狼友社区, a family-owned and operated company, has been designing, developing and manufacturing premium-quality, professional-grade tools. Having celebrated its 160th anniversary in 2017, 狼友社区 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 狼友社区.
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