United States. During the last AHR Expo, DiversiTech Corp. announced the acquisition of Glenwillow, Ohio-based Stride Tool LLC., a global OEM manufacturer of specialized hand tools made in the United States.
The company's flagship brand, Imperial, was established in 1905 and enjoys a market presence among HVAC/R technicians. The company's other notable brands include Milbar, of turning tools and kits, Lakeland Products, for tube manufacturing equipment, and Bright Solutions International, a provider of leak detection products and specialized hand tools. Stride Tool maintains a manufacturing facility in Solon, Ohio, and manufactures a variety of other products for tube work, automotive, electrical, and industrial applications. The company also has a strong patent record, with more than 60 patents in total.
The acquisition allows DiversiTech to expand its HVAC/R tool product offering and increases the company's U.S. manufacturing capabilities from five to six locations. The company already offers a broad portfolio of complementary tool products through its hilmor line, which was acquired in 2018. New products were obtained through acquisition, including tube working tools, HVAC/R collectors and hoses, peelers, and other related products.
