Ideal Industries to Purchase SK Hand Tools

Ideal Industries Inc., Sycamore, Ill., has entered into a definitive agreement to purchase certain assets of SK Hand Tools Corp., one of America's largest manufacturers of tools for the professional mechanic.

This latest move follows Ideal's acquisition of tool makers Western Forge, Colorado Springs, Colo., in 2009 and Connecticut-based Pratt Read earlier this ytear is part of its strategy to add more U.S.-made tools to its product portfolio.