Atlas Copco acquires Kramer Air Tool
Atlas Copco Tools & Assembly Systems LLC has agreed to acquire the sales and marketing operation of its Kramer Air Tool Inc., Farmington Hills, Mich.
The purchase price was not disclosed.
"We are very pleased to integrate the Kramer distributor network into Atlas Copco sales organization and thereby offer our customers an even wider range of sophisticated products, services and accessories. This will bring us closer to our customers," said Mats Rahmström, business area president Atlas Copco Industrial Technique.
Kramer was founded in 1984 and has been a sole Atlas Copco distributor for Michigan since 1999 for tools and related services to the motor vehicle and general industries. Kramer employs 50 people and had 2009 sales of approximately $17 million.
The agreement gives Atlas Copco the rights to sales and service of Atlas Copco's industrial tools in the state of Michigan. Customers will be transferred to Atlas Copco's Customer Center in Michigan.
Source: www.IndustrialSupplyMagazine.com
