Mayhew Tools acquires BestWay Tools
Mayhew Steel Products announced the acquisition of Florida-based BestWay Tools.
Both companies will continue to operate independently while capitalizing on mutual brand and sales opportunities and collective operational efficiencies.
The acquisition, completed on Nov. 1, 2019, will enable each company to extend its product offerings into each other’s respective markets, including automotive, hardware, and industrial. Mayhew Tools, established in 1856, is known for manufacturing premium punches, chisels, and pry bars, while BestWay Tools, founded in 1962, is known for its popular screwdriver and bits product lines.
“We welcome the BestWay Tools team and their customers to the Mayhew family and look forward to continuing to build upon the strong legacy they have established of delivering customers, both old and new, high-quality hand tools they have come to rely on for consistent use,” said John Lawless, president, Mayhew Tools. “Over the next several weeks, our team will have their feet on the street to meet with existing and prospective BestWay Tools customers in an effort to establish how we can continue to serve them with the highest quality products, now and into the future.”
BestWay Tools’ operations will continue to run from its Ormond Beach, Florida plant. Mayhew Tools has begun allocating team and financial resources to BestWay’s physical plant in an effort to leverage immediate opportunities and springboard growth.
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