Olympia Tools International, which was launched after it acquired the intellectual property related to the Olympia Tools brand in June 2006, is preparing to regain its position in the marketplace.

The new owner, a supplier in the global hand tool market with operations in North and South America, Europe and Asia, has established its corporate headquarters and distribution center in City of Industry, Calif.

“The focus of Olympia Tools will be on hand tools, the core experience of the new owners and management team — a team that averages over 20 years of experience in the U.S. hand tools market,” said Ken Sanders, vice president of sales for Olympia Tools. Shipping will begin on Feb. 15 from its new North American distribution center.