Building on its strategic focus to bolster its line of product made in the United States, Ideal Industries Inc., Sycamore, Ill., announced plans to acquire Pratt-Read Corp., Shelton, Conn., the third largest manufacturer of screwdrivers in the United States. This acquisition follows Ideals 2009 purchase of Western Forge, Colorado Springs, Colo., a Colorado Springs-based manufacturer of pliers, screwdrivers and adjustable wrenches,

Related Topics: Mergers & Acquisitions