Apex Tool Group, Sparks, MD, has acquired specialty cutting tool manufacturer Niagara Tools, St. Catharines, Ontario, Canada. Niagara will now be part of Apex's power and professional tools business unit.
“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.”
Bill McMaster will continue to serve as Niagara's general manager.
