-- U.S.-based manufacturer expands investment in the Australian market

Klein Tools (www.kleintools.com), the premier hand tool brand among U.S. 
electricians, today announced the acquisition of the Wattmaster and Alco 
brands, based in Carrum Downs, a suburb of Melbourne, Victoria, Australia. 
Klein Tools acquired substantially all of the business assets of Wattmaster and 
Alco parent company ElMako Pty Ltd, with no further specifics of the asset 
transaction terms disclosed.

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Having celebrated its 50th anniversary in 2013, Wattmaster markets and 
distributes one of Australia's best-known ranges of electrician's tools, 
instruments and consumables. Sister brand Alco was the first in market to 
provide a comprehensive range of Metal Cable Glands designed in Australia to 
meet Australian and International Standards.

"The Wattmaster business is very appealing to Klein Tools as we continue to 
expand our Australian-market presence," says Thomas R. Klein, Sr., Chairman of 
Klein Tools. "Wattmaster and Klein Tools have much in common, including loyal 
customers and reputations for high-quality products. We believe our combined 
resources will present additional growth opportunities, and we're excited to 
welcome Wattmaster and Alco to the Klein Tools family."

About Klein Tools
Since 1857, Klein Tools, a family-owned and operated company, has been 
designing, developing and manufacturing premium-quality, professional-grade 
tools. Having celebrated its 160th anniversary in 2017, Klein Tools remains 
committed to investing in the Australian market, building upon its 2010 
acquisition of South Australia-based Mumme Tools. For more information, visit 
www.kleintools.com.

Klein is a registered trademark of Klein Tools, Inc.

SOURCE:  Klein Tools

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