NSI Industries, LLC, a leading provider of electrical and control products, today announced the acquisition of the Newbury Park, California-based Platinum Tools®, expanding its product portfolio and market reach, while creating new value for a wide range of customers. Platinum Tools is a market leader of award-winning datacom products, driving the innovation for the preparation, installation, hand termination and testing of wire and cable.
“The Platinum Tools product portfolio is entirely complementary to our NSI electrical solutions and will add immediate category depth,” said G. R. Schrotenboer, chief executive officer, NSI Industries. “Platinum Tools shares our dedication to offer the best quality products designed for efficient and easy installation, while bringing economic value to contractors, electricians and installers.”
Platinum Tools’ portfolio includes cable management solutions, structured wiring products, tester kits, cutters, crimpers and other products for electrical, industrial, security, audio/video, commercial, residential, datacom and telecom applications, which expands NSI’s market reach.
“Our new combined strength, including our mutual commitments to delivering outstanding attention and service to our customers, creates substantial opportunities for us to offer a broad array of unique and industry-leading solutions to our customers,” said Lee Sachs, president, Platinum Tools. “We are excited about this partnership with NSI Industries and the value it will bring to our respective customers.”
Named the top brand leader in the Tools & Testers category in CE Pro Magazine’s 2018 Brand Analysis report, Platinum Tools was also recently awarded two 2018 Cabling Installation & 2018 Cabling Innovators Awards from Cabling Installation & Maintenance magazine.
Founded in 1997, Platinum Tools employs approximately 40 people and will continue to operate out of Newbury Park.