Klein Tools affiliate Klein Cutlery Inc. has purchased the manufacturing assets of Heritage Cutlery Inc. in Bolivar, N.Y.
The acquisition, which includes the company name, facility and such brand names as Heritage and C-Mon, was completed Aug. 31. Terms of the agreement were not disclosed.
In business since 1952, Heritage Cutlery is a manufacturer of hot-forged scissors and shears for a wide variety of markets including electrical and industrial. The company currently employs 55 people and produces as many as 4,500 scissors and shears per day at its 18,000-square-foot facility. The new company will operate under the name Klein Cutlery LLC. No changes in management are anticipated.
“For 25 years, Heritage Cutlery has been a supplier to Klein Tools, supplying select styles of electrician’s scissors,” said Wayne J. West, the new president of Klein Cutlery. “The synergy between our two companies is reinforced by the companies’ similar values in quality, craftsmanship, innovation and a strong commitment to manufacturing in the U.S.”
Thomas R. Klein, president of Klein Tools, said, “The acquisition of Heritage Cutlery assets strengthens our business portfolio and allows us to expand our presence in closely related markets.”
Klein Tools affiliate buys Heritage Cutlery
November 1, 2007