DiversiTech Corp. has acquired hilmor® from Stanley Black & Decker. The acquisition was completed Aug. 10. Terms of the agreement were not released.
Introduced to the HVACR market in 2013, hilmor is a supplier of HVACR tools. More than 300 hilmor products ranging from manifolds and gauges to vacuum pumps and electronic tools are available to HVACR technicians across the U.S., Canada, and Latin America.
“Our mission, and the driving force behind all we do, is to simplify the way our customers work,” said DiversiTech CEO Andy Bergdoll. “The addition of the hilmor brand to the DiversiTech family is a major step toward furthering that mission. We’re adding a tool brand and a portfolio of products that are synonymous with innovation and are highly complementary to the products we currently offer. Our wholesale customers and contractors now have an additional way to build their business while simplifying their work through streamlined product ordering, reduced shipping charges, and other benefits. Over the coming months we will be looking at ways to strategically grow and optimize the hilmor brand within our business.”
DiversiTech Chief Sales and Marketing Officer Bud Sjogren added that the DiversiTech leadership team is working closely with its hilmor and Stanley Black & Decker counterparts to ensure a seamless transition.
“Several key hilmor personnel, including all current hilmor sales reps, will be joining the new business under DiversiTech, further securing continuity, expertise, and an extended platform for growth,” said Sjogren.
DiversiTech’s acquisition of hilmor is one of 10 acquisitions by the company in the past 24 months. The company says it currently offers more than 17,000 product items in over 200 product categories.