MARSHALLTOWN, IA: MARSHALLTOWN, a privately held industry-leader in construction tools and equipment, today announced its acquisition of Frederick Tool Corp., a manufacturer of professional masonry tools and well-known for its custom imprinted masonry promotional items. Based out of Elkhart, Indiana, Frederick Tool Corp. was owned and operated by the Jack E. Wait family since 1974.
This acquisition aligns with MARSHALLTOWN’s commitment to offering masons high-quality, American-made masonry tools, equipment, and accessories. Both companies share a similar customer base and strive to maintain the highest level of customer satisfaction. With this acquisition, MARSHALLTOWN expands its presence and market share within the masonry industry and establishes the foundation for their custom imprinted masonry items venture.