Dynabrade Acquires National Detroit
This acquisition continues their growth strategy in the abrasive power tool industry.
Posted: April 20, 2015
Dynabrade, Inc. (Clarence, NY), the leading industrial abrasive power tool manufacturer, has announced that it has completed the acquisition of the assets of National Detroit, Inc. (Rockford, IL), a manufacturer of pneumatic abrasive power tools. Terms were not disclosed. Production operations will be relocated to Dynabrade’s Clarence headquarters.
Dynabrade president Ned Librock stated, “This acquisition is a natural fit for us. 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 our continued growth and momentum in the abrasive power tool industry, as well our confidence in our overall brand strength in global markets. This acquisition is significant because of its strategic importance for product line and distributor network expansion. Our strength in the marketplace, combined with their existing customer base and industry contacts, provide a strong foundation for significant revenue growth in the years ahead. We become an even stronger company.”
National Detroit’s product line includes random orbital and gear-driven sanders, buffers, polishers, grinders and related accessories serving customers in automotive, industrial, marine, solid surface and woodworking markets for 76 years.
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