Ideal Industries Acquires Pratt-Read to Add Hand-Tool Lines and Made-in-U.S. Capacity

Ideal Industries Inc., Sycamore, Ill., has agreed to acquire Pratt-Read, Shelton, Conn., the third-largest manufacturer of screwdrivers in the United States and one of the country’s oldest companies. The acquisition follows on the heels of Ideal’s acquisition in January of Colorado Springs, Colo.-based Western Forge, a manufacturer of pliers, screwdrivers and adjustable wrenches. The two additions to Ideal’s lineup are significant expansions of the company’s hand-tool offerings as well as

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