Apex Tool Group announced the acquisition of specialty cutting tool manufacturer Niagara Tools of St. Catharines, Ontario; the transaction was effective July 31, 2014. Niagara Tools becomes part of Apex’s Power and Professional Tools business unit; this precision tooling, cutting and grinding manufacturer serves the North American automotive and aerospace markets and employs 40 associates. “Niagara Tools is a strong strategic complement to our Power Tools business,” said Steve Breitzka, President and CEO 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.”(…)
