Husqvarna Group’s construction division recently announced the acquisition of Monroe, Mich.-based Diamond Tool Supply Inc. (DTS), a leading producer of polishing and grinding diamond tools for concrete, stone and terrazzo.
“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.
The acquisition will add sales of approximately $5.8 million, mainly in the U.S., to Husqvarna Group’s construction division, based on the full-year 2015 accounts. DTS has approximately 70 employees.
“With the acquisition of DTS brings a strong customer base that we will continue to support and expand, as well as manufacturing operations in Bulgaria, both being valuable assets to our diamond tool business,” Andersson added.