Husqvarna Group Acquires Diamond Tool Supply

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.
May 6, 2016

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.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.

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