Klein Tools has announced that it has acquired Civitella
& Cia Ltda, a privately-held tool and equipment manufacturer in Brazil. Civitella’s manufacturing and distribution center is based
in São Paulo and serves customers throughout
Brazil. Together, Klein Tools and Civitella can provide a full range of high-quality
products for the electrical, construction, oil & gas and telecommunications
industries.
This is not the first expansion into Central South America
for Klein Tools. It initiated its global
expansion strategy with the establishment of a Mexican subsidiary, Herramientas
Klein, S.A. De C.V. The
Civitella acquisition builds on Klein Tools’ expansion plans. Brazil is
the sixth-largest economy in the world. With its rapidly increasing middle
class and already announced major infrastructure investments, Brazil provides a
tremendous growth opportunity. By partnering with Civitella, South America’s
largest premium grip manufacturer, Klein Tools will further its reach internationally.
“With common core values and business cultures emphasizing
high-quality manufacturing as well as strong customer service, Civitella and
Klein Tools are natural partners,” said Matthew Thomason, director of corporate
development for Klein Tools. “The integration of these two companies creates a
winning combination of global reach and national expertise, backed by a
commitment to superior products and service.”
Klein Tools is also taking advantage of the opportunities that will be arising in Brazil over the next two years.
“With the upcoming Olympics and World Cup events, there is
an enormous amount of infrastructure construction in Brazil,” states Giuliano
Civitella, marketing director of Civitella & Cia. “We feel our customers
will appreciate and benefit from the expanded product offering and industry
knowledge that comes from partnering with North America’s leading premium hand
tool manufacturer.”
“To successfully expand into Brazil, Klein Tools needs to
have a physical presence in the country,” commented Tom
Klein, president of Klein Tools. “The acquisition of Civitella provides
Klein Tools with a business operation in Brazil and
demonstrates a long-term commitment to the Brazilian market. Civitella
is an outstanding company with premium products, excellent service and well
established clients that we are proud to join.”
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