Hultafors Group Conference 2018
Hultafors Group acquires Johnson Level & Tool Mfg. Co., Inc.
Hultafors Group has signed an agreement to acquire Johnson Level & Tool Mfg. Co., Inc., (“Johnson”) based in Wisconsin in the United States. The acquisition is part of our strategy to strengthen our presence in North America.
Johnson is a well-recognized provider of levels, lasers, squares and other measuring tools in North America, being a market leader in several channels of distribution. The company was founded in 1947 and has been family owned since then.
“We are excited and honoured to be given the opportunity to inherit this company, which the Johnson family has built up and developed over many, many years. Johnson brings a strong portfolio of products and customer relationships that I believe will make a significant contribution to Hultafors Group going forward”, says Ole Kristian Jødahl, CEO at Hultafors Group AB.
Through the acquisition Hultafors Group will gain access to a wide network of distribution points in relevant sales channels in the United States, as well as a complete portfolio of levels, lasers and other construction measuring, marking and layout tools. Johnson has a strong position in the U.S., holding a sizeable market share within the market for levels and squares. The company has a well-established distribution footprint in many different channels and in total 17 000 distribution points. Johnson’s net sales amounted to 36 MUSD in 2017 and the company has 70 employees.
“Hultafors Group is a company which we have known for 30 years and we believe the long-term perspective and commitment that characterizes Hultafors Group will form an excellent foundation for further developing Johnson as a company for many years to come”, say Bill and Bob Johnson, previous owners of Johnson.