Ideal buys Western Forge
Ideal Industries Inc. signed a definitive agreement to acquire privately held Western Forge, a Colorado Springs-based manufacturer of pliers, screwdrivers and adjustable wrenches for the professional trades and the general consumer.
The company, which will continue to be known as Western Forge, will become a wholly owned subsidiary of Ideal.
Randy Thompson, a 22-year veteran of Ideal with broad manufacturing, operational, and general management experience, has been named general manager for Western Forge.
"The acquisition of Western Forge represents another significant step in the Ideal strategy to broaden our internal product design and American made manufacturing capabilities," said Jim James, president and CEO of Ideal. "An additional benefit is that we will now expand our presence among the general trades where Western Forge has a strong customer base and where we see significant opportunities for growth with other Ideal products."
Headquartered in Sycamore, Ill., Ideal Industries is a manufacturer of connectors, testers, tools and supplies.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
