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U.S.-based manufacturer expands investment in the Australian market

February 4, 2019 (CHICAGO/MELBOURNE, Australia) – ������ (), 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. ������ 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 50^th 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.

“The Wattmaster business is very appealing to ������ as we continue to expand our Australian-market presence,” says Thomas R. Klein, Sr., Chairman of ������. “Wattmaster and ������ 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 ������ family.”

About ������

Since 1857, ������, a family-owned and operated company, has been designing, developing and manufacturing premium-quality, professional-grade tools. Having celebrated its 160th anniversary in 2017, ������ 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 ������.

Media Contact:

Jessica Huebner
414.376.2348
jessica@reputationpartners.com