SPARKS, MD — Apex Tool Group purchased Niagara Tools, a St. Catharines, Ontario-based specialty cutting tool manufacturer. The transaction was effective July 31.
Niagara Tools joins Apex, which is one of the largest producers of industrial hand and power tools, tool storage, drill chucks, chain and electronic soldering products. Niagara Tools is now a part of Apex’s Power and Professional Tools business unit. The Niagara Tools and its website, www.NiagaraTools.com, name will be retained.
“Niagara Tools is a strong strategic complement to our Power Tools business,” said Steve Breitzka, president and chief executive officer of Apex. “This acquisition allows Niagara to leverage our global MVI, aerospace and industrial relationships to expand its channels, and it offers Apex significant cross-selling opportunities within Niagara’s customer base.”
Niagara’s Owner, Paul Brodeur, will continue in a consulting role with Apex, and Bill McMaster will continue to serve as Niagara Tools’ general manager.
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