Ideal Industries Acquires Pratt-Read to Build Line of U.S.-Made Products

Building on its strategic focus to bolster its line of product made in the United States, Ideal Industries Inc., Sycamore, Ill., announced plans to acquire Pratt-Read Corp., Shelton, Conn., the third largest manufacturer of screwdrivers in the United ...
March 22, 2010

Building on its strategic focus to bolster its line of product made in the United States, Ideal Industries Inc., Sycamore, Ill., announced plans to acquire Pratt-Read Corp., Shelton, Conn., the third largest manufacturer of screwdrivers in the United States. This acquisition follows Ideals 2009 purchase of Western Forge, Colorado Springs, Colo., a Colorado Springs-based manufacturer of pliers, screwdrivers and adjustable wrenches,

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Jim Lucy Blog

Chief Editor

Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.