MAGNA INDUSTRIES, INC. COMPLETES ACQUISITION OF SUPERIOR TOOL CO.

Magna Industries, Inc., best known for the iconic Mag-Torch brand hand torches, has kicked off the new year with the acquisition of Cleveland-based Superior Tool Co. Founded in 1947, Superior Tool is a leading manufacturer and distributor of innovative, professional-quality plumbing hand tools designed to make jobs faster and easier.

“Along with Mag-Torch, Magna offers a diversified product lineup for the consumer and professional markets,” according to Todd Whited, of Magna Industries. “Our products, as well as Superior Tool’s, are widely available through big-box retailers including Home Depot, Lowe’s and Menard’s, through Ace, True Value, Do-it-Best, Orgill and other fine hardware stores, as well as through industrial distributors such as Grainger and Interline Brands. Our product lines are highly complimentary and together, we expand Magna’s total offering to over 350 active SKUs.”

Magna is currently the leading torch supplier for co-op retailers, hardware distributors and automotive aftermarket retailers throughout North America. Lines include traditional and self-lighting propane torches & kits, MAP/Pro torches & kits, specialty torches, butane torches & kits, soldering irons, guns and supplies and accessories. Also at retail, the Sand & Kleen “Dustless Drywall Sanding Systems” and drywall tools.

“This exciting new relationship will allow Superior Tool access to expanded markets and provide a continuing flow of innovative new products for current and future customers,” observes Jeff White, of Superior Tool. “The combined management expertise will certainly elevate our ability to deliver a positive customer experience across all our B2B and consumer audiences.”

Superior Tool’s history of product innovation and corporate responsibility has powered the company’s growth to include an enormous range of tubing tools, wrenches & pliers, PVC tools, pipe tools and specialty tools for faucet, tub & shower, sink & drain, basin and other applications. Every Superior Tool comes with a lifetime guarantee backed by personal customer service.