Husqvarna Group’s Construction division has acquired Diamond Tool Supply, based in Monroe, Mich., a producer of polishing and grinding diamond tools for concrete, stone and terrazzo. The acquisition will add sales of about $5.8 million, mainly in the United States to the division based on full year 2015 accounts.
“The acquisition of Diamond Tool Supply reinforces our position as a market leader of complete solutions for the construction grinding and polishing industry,” said Henric Andersson, president of Husqvarna Construction Products. “With the acquisition of DTS brings a strong customer base that will continue to support and expand as well as manufacturing operations in Bulgaria, both clear assets to our diamond tool business.”
Diamond Tool Supply has around 70 employees.
The acquired operation will be included in Husqvarna Group’s accounts as of May 3.
Husqvarna is based in Sweden with U.S. headquarters in Olathe, Kan.
