Ideal Industries to Add SK Hand Tools to Growing American-Made Tool Businesses

Ideal Industries, Sycamore, Ill., is continuing in its quest to own some of the most iconic “Made in America” brands of hand tools. The company has entered into a definitive agreement to purchase certain assets of SK Hand Tools Corp., Chicago, one of the top manufacturers of tools for the professional mechanic market.

SK Tools had filed for bankruptcy protection on June 29, 2010, and Ideal bought it through a bankruptcy auction. The deal is valued at more than $3.5 million, according

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