Kapro brings levels into the Red zone
Lake Mills, Wis.-based Kapro Tools introduced a line of Optivision Red leveling products designed for increased accuracy.
Kapro’s patented Optivision vial features an easy-to-read vial bubble with super defined edges and strong surrounding color definition, as well as an extra set of reading lines for setting gradients at 1 and 2 percent. The Optivision Red’s unique epoxy-locked tilted setting offers a direct line of sight to the bubble, which makes reading the vial easy and provides more precise results, the company says.
“Kapro’s patented RedEffect is a proven attention-getter on the worksite,” said Gal Wollach, VP of business development at Kapro Tools. “In addition to standing out in the toolbox, Kapro’s industry-leading OPTIVISION products deliver more precise leveling results in the high-quality, durable construction professionals seek.”
The Optivision line includes the 905 Condor Box Level, 935 OPTIVISION Red 10-inch Toolbox Level, 946 Smarty 4-inch Magnetic Pocket Level and 930 SmartCast Heavy-Duty Mason’s Level.
Hitachi Koki launches rebranding initiative
Power tool manufacturer Hitachi Koki Co. is changing its name to Koki Holdings Co., Ltd., effective June 1, 2018.
The Tokyo-based company is rebranding its full line of power tools known as Hitachi or Hitachi/Koki under a new HiKOKI brand, effective Oct. 1, 2018. According to Hitachi Koki, the changes are in line with the company’s international growth strategy. This includes expanding its business in nearly 100 countries.
Hitachi Koki, which also manufactures life-science equipment, has formed a new partnership with KKR, a global private equity group. Koki Holdings plans to accelerate expansion, both organic and through acquisitions, the company said.
Last month, the manufacturer established a new European subsidiary, called Koki Holdings Europe GmbH, in the suburbs of Dusseldorf, Germany.
“We have delivered award-winning innovation and manufacturing with solid business performance for over 70 years, and now is the time for us to focus on expansion as a truly global company while remaining rooted in our Japanese tradition,” said Osami Maehara, president of Hitachi Koki. “We have fully committed to accelerate growth alongside a dynamic new partner in KKR as we pursue our goal to become a global leader in power tools and life science instruments.”
Looking forward, Maehara said the repackaged company has set a sales target of U.S. $2.7 billion in fiscal 2020. “We are confident we can take our business to the next level with the support of all of our employees and partners worldwide, and the revamping of our brand name is the first step to make this possible.”
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(CORRECTION: A previous version of this article included an incorrect figure for the company's 2020 sales target.]
New owner for Southwest Building Materials
Gypsum Management and Supply, a North American distributor of gypsum wallboard, suspended ceiling systems and other specialty building products, acquired Southwest Building Materials, Ltd., based in Amarillo, Texas.
Founded in 1984, SWBM distributes wallboard, ceilings and other interior building products serving residential and commercial projects of all sizes in the Texas Panhandle, Oklahoma and Eastern New Mexico markets. SWBM will enhance GMS’s existing distribution network in West Texas, which includes legacy branches in Lubbock, Texas and Midland, Texas.
Brad Nannen, VP of the Southern Division of GMS, said: “We are thrilled to welcome Southwest Building Materials to the GMS family. The acquisition allows GMS to continue to expand its already strong presence in Texas, reinforcing our commitment to high quality products and excellent customer service.”
SWBM has served the Texas Panhandle and surrounding areas for more than 30 years.
Founded in 1971, GMS operates a network of more than 210 distribution centers across the United States. The company’s extensive product offerings include wallboard, suspended ceilings systems and complementary interior construction materials. GMS is designed to provide comprehensive one-stop-shopping for its core customers — interior contractors who install these products in commercial and residential buildings.