United States. DiversiTech Corp announced that it has acquired hilmor from Stanley Black & Decker. The acquisition was completed on August 10. The acquisition is one of ten made by the company in the last 24 months.
Introduced to the HVAC/R market in 2013, the hilmor brand enjoys an excellent reputation as a reliable supplier of innovative and quality HVAC/R tools. More than 300 hilmor products ranging from collectors and meters to vacuum pumps and electronic tools are available to HVAC/R technicians in the United States, Canada, and Latin America. The brand has consistently introduced new and revolutionary products over the years, including its Compact Swage tool, Compact Bender and its dual reading thermometer.
"Our mission, and the driving force of everything we do, is to simplify the way our customers work," said DiversiTech CEO Andy Bergdoll. "The addition of the hilmor brand to the DiversiTech family is a big step forward in that mission. We are adding a brand of tools and a portfolio of products that are synonymous with innovation and are highly complementary to the products we currently offer. Our wholesale customers and contractors now have an additional way to develop their business while simplifying their work through simplified product ordering, reduced shipping charges, and other benefits. In the coming months, we will look for ways to strategically grow and optimize the hilmor brand within our company."
Bud Sjogren, Head of Marketing and Sales at DiversiTech, added that DiversiTech's leadership team is working closely with its counterparts at hilmor and Stanley Black & Decker to ensure a smooth transition. "Several key hilmor employees, including all of hilmor's current sales representatives, will join the new business under DiversiTech, further ensuring continuity, expertise and an extended platform for growth," said Sjogren.
