Klein Tools, with manufacturing headquarters in Mansfield, has announced the acquisition of the Wattmaster and Alco brands, based in Carrum Downs, a suburb of Melbourne, Victoria, Australia.
Klein Tools 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, the company said in a news release.
Wattmaster celebrated its 50th anniversary in 2013 and 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.
“The Wattmaster business is very appealing to Klein Tools as we continue to expand our Australian-market presence,” says 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, and we’re excited to welcome Wattmaster and Alco to the Klein Tools family,” Klein said in the news release.
Klein Tools recently announced plans to expand its footprint at its manufacturing headquarters in Mansfield. The new 270,000 square-foot state-of-the-art distribution center will help support its growing fulfilment and distribution needs, the company said.
The center is scheduled to open in 2020 near the company’s two existing manufacturing facilities, which today employ approximately 500 workers in the Mansfield area. Klein Tools also has seven other U.S. facilities across six states.
Since 1857, Klein Tools, a family-owned and operated company, has been designing, developing and manufacturing premium-quality, professional-grade tools
– FWBP Staff