Swedish company acquires Michigan distributor
Stockholm, Sweden-based Atlas Copco Tools and Assembly Systems has agreed to buy the sales and marketing operation of its distributor, Farmington Hills, Mich.-based Kramer Air Tool.
The agreement gives Atlas the rights to sales and service of Atlas Copco’s industrial tools in the state of Michigan. The acquisition price was not disclosed.
“We are very pleased to integrate the Kramer distributor network into Atlas Copco sales organization and thereby offer our customers an even wider range of sophisticated products, services and accessories. This will bring us closer to our customers” said Mats Rahmstrom, business area president of Atlas Copco Industrial Technique.
Kramer, founded in 1984, employs approximately 50 people and had a 2009 turnover rate of $17 million.
True Value launches home design contest
Chicago-based True Value announced it is hosting a new design contest with “Design SOS: Friends to the Rescue,” aimed at providing $2,500 at a local True Value to complete overdue design updates.
“Everyone has that one design-challenged friend who can’t seem to part with their retro wood paneling, dated floral wallpaper or sea foam green carpet. But friends shouldn’t let friends live with disastrous design,” the company said in a release.
True Value will accept applications from Sept. 2 to Oct. 7 on startrightstarthere.com. Applicants must submit a short entry and brief video or photos that show why a friend — or even they — needs a design intervention.
Winners will be voted on Oct. 22 and announced mid-November. On top of the shopping money, the winner will receive help from one of True Value’s “masters of all things hardwarian.”
Michigan hardware store celebrates 150 years
The original store was opened in 1860 by A. H. Brink in what is now an antique shop. Seven generations later, Harlan Lubbers operates the current location, which the business moved to in 1986.