Dynabrade, Inc., an abrasive power tool manufacturer, announced that it has completed the acquisition of the assets of National Detroit, Inc., located in Rockford, Ill., a manufacturer of pneumatic abrasive power tools. Terms were not disclosed. Production operations will be relocated to Dynabrade’s Clarence, N.Y., headquarters.
“This acquisition is a natural fit for Dynabrade,” said Dynabrade President Ned Librock. “National Detroit is a first-class company that shares our tradition and dedication to delivering exceptional quality and service to our mutual customers. This acquisition reflects Dynabrade’s continued growth and momentum in the abrasive power tool industry as well our confidence in our overall brand strength in global markets.
“Dynabrade’s acquisition of National Detroit is significant because of its strategic importance for product line and distributor network expansion. Dynabrade’s strength in the marketplace, combined with its existing customer base and industry contacts, provides a strong foundation for significant revenue growth in the years ahead. We become an even stronger company.”