Mayhew Tools to Acquire Ken-Tool Lines - Tire Review Magazine

Mayhew Tools to Acquire Ken-Tool Lines

Mayhew Steel Products and Ken-Tool have announced that Mayhew will acquire Ken-Tool’s OldForge and Carica product lines within the next few weeks.

The transaction includes Ken-Tool’s manufacturing facility in New Wilmington, PA, plus trademark rights to the Oldforge and Carica brands and all products currently being manufactured and marketed by Ken-Tool under those brands. The Oldforge product line consists of pneumatic accessories and specialty tools and the Carica product line consists of telescoping and unique specialty tools.

With facilities in Turners Falls and Shelburne Falls, MA, Mayhew Tools is an OEM and distributor supplier to the automotive, industrial, construction and hardware markets.

John Lawless, president and owner of Mayhew Steel Products, said, “We are excited to acquire the equipment in the New Wilmington facility as well as the skilled workers who know their products and equipment so well. Mayhew needs the added capacity to support our expansion and growth in our automotive aftermarket product lines.”

Ken-Tool’s Owner and President, Alec Pendleton, said, “This move assures that Ken-Tool can focus its future on improving the manufacturing and development of our core tire service equipment and hand tool product lines. Every effort will be made to ensure that this transfer to Mayhew will not disrupt the supply of Oldforge and Carica products to our customers.”

Bill Fletcher, vice president of sales and marketing said, “This is an outstanding opportunity for Mayhew to both expand our product offering to our established account base and to introduce the complete line of Mayhew Tools to a host of new accounts.”

This acquisition is expected to take place on Feb. 1. (From aftermarketNews Staff & Wire Reports)

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