DiversiTech Acquires Stride Tool LLC
DiversiTech Corp., a leading aftermarket manufacturer and supplier of highly-engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration (HVAC/R), announced on Monday, January 14, 2019 at the AHR Expo that it has acquired Stride Tool LLC.
Based in Glenwillow, Ohio, Stride Tool is a trusted global OEM manufacturer of quality American-made specialty hand tools known for proven durability. The company’s flagship brand, Imperial®, was established in 1905 and enjoys a market-leading presence among HVAC/R technicians. The company’s other notable brands include Milbar®, a leading brand of wire twister tools and kits, Lakeland Products, a leading brand for tube fabricating equipment, and Bright Solutions International, a leading supplier of leak detection products and specialty hand tools. Stride Tool maintains a manufacturing facility in Solon, Ohio, and manufactures a variety of other products for tube working, automotive, electrical and industrial applications. The company also holds a strong patent history, with more than 60 total patents.
The acquisition enables DiversiTech to expand its HVAC/R tool product offering and increases the company’s U.S. manufacturing capabilities from five locations to six. The company already offers a broad portfolio of complementary tool products through its hilmor® line, which was acquired in 2018.