Klein Tools purchases Brazilian tool-and-equipment manufacturer
The move by Lincolnshire, Ill.-based Klein follows the company’s establishment of a Mexican subsidiary and the acquisition of Mumme Products in Australia.
Company officials said Brazil, with its growing middle class and large economy, offers an excellent opportunity.
“To successfully expand into Brazil, Klein Tools needs to have a physical presence in the country,” said Tom Klein, president of Klein Tools. “The acquisition of Civitella provides Klein Tools with a business operation in Brazil and demonstrates a long-term commitment to the Brazilian market. Civitella is an outstanding company with premium products, excellent service and well-established clients that we are proud to join.”
Giuliano Civitella, marketing director of Civitella & Cia, said the high-profile sporting events the nation will host in the next few years represent a great opportunity.
“With the upcoming Olympics and World Cup events, there is an enormous amount of infrastructure construction in Brazil,” Civitella said. “We feel our customers will appreciate and benefit from the expanded product offering and industry knowledge that comes from partnering with North America’s leading premium hand-tool manufacturer.”
Matthew Thomason, director of corporate development for Klein, said he was excited about the benefits the purchase offers.
“With common core values and business cultures emphasizing high-quality manufacturing as well as strong customer service, Civitella and Klein Tools are natural partners,” Thomason said. “The integration of these two companies creates a winning combination of global reach and national expertise, backed by a commitment to superior products and service.”