Pony Tools, Inc. Announces the Acquisition of Easy Wood Tools
August, 2015. For Immediate Release
Pony Tools, Inc. has completed its first acquisition as part of its strategic growth initiative and is announcing the acquisition of Easy Wood Tools of Lexington, KY. "This represents the result of our search for the very best strategic partners" according to Mr. Joseph Krueger, Pony Tools CEO. "Both companies are excited about this opportunity. By adding Easy Wood Tools to our Pony and Jorgensen product lines, we add tremendous value for all our customers, not only increasing the types of products offered, but expanding the depth of woodworking expertise under one roof."
The acquisition is effective July 28th, 2015. Mr. Craig Jackson, who founded Easy Wood Tools in 2008, becomes the Vice President of Research and Development at Pony Tools, a new management position. He will report directly to Mr. Krueger. Mr. Krueger adds "Craig brings many years of leadership experience in engineering, manufacturing and innovation to Pony Tools, and we are very pleased to welcome Craig into the Pony Tools family."
Easy Wood Tools is a Lexington, KY manufacturer of high performing wood turning tools. Pony Tools, Inc. is a Chicago, IL manufacturer of a wide variety of clamping products, sold through a distributor network and available to professional woodworkers and consumers in hardware chain and independent stores, big box retailers, on its website and through Amazon.
For further information please contact Alice Orme at Pony Tools, 312-921-0084.
© 2015 Pony Tools, Inc. 404 N. Armour Street, Chicago, IL 60642
The Adjustable Clamp Company is Pony Tools, Inc.
August, 2013. For Immediate Release
What words would one use to describe a manufacturing company that has been in business for over 110 years, and remains a leader in its category? Well, according to Mr. Doug Holman, 5th generation family leader of the company founded by his Great-Great Grandmother Adele in 1903: “I am excited that our new corporate name, Pony Tools, Inc. will become the face of our business moving forward. After careful consideration we determined that our original corporate name ‘Adjustable Clamp Company’ will be retired this year. The inspiration for our new name comes from one of our leading tool brands, Pony®.”
Mr. Holman, Chairman, is leading this 110 year old firm through an exciting transition. He describes his role as one of ‘careful thought, perseverance and attention to detail.’
In celebrating the firm’s 110th Anniversary this year, Mr. Holman states “we have brought on new senior managers recently, to provide strategic direction and lead the company to greater success in the future.” (One of those new senior managers is Mr. Joe Krueger, President and CEO, who sought a corporate name change as a top priority).
What is the significance of the new company name? According to Mr. Krueger, “The new PONY TOOLS will focus on using our resources strategically in the areas of consumer marketing, product innovation, employee training and manufacturing excellence.” Another employee, Ms. Alice Orme, HR Manager, who has been with Adjustable Clamp Company for over twenty years, added “To me, the new Pony Tools name means we have to work smarter to maintain our good reputation, but we need also to meet the challenges of a very competitive industry from this point on.”
Mr. Holman is proud that “In our 110th year in business, our company is in a perfect position to bring continued excellence in making great tools, for any generation.”
For additional information please contact Alice Orme, HR Manager, Pony Tools Inc.
© 2013 Pony Tools, Inc. 404 N. Armour Street, Chicago, IL 60642