© mikael damkier dreamstime.com General | March 19, 2019
NSI Industries merges with Platinum Tools, expands market reach
NSI Industries LLC has merged with California-based Platinum Tools, in a move designed to expand its product portfolio and market reach and create new value for customers, a press release stated.
“The Platinum Tools product portfolio is entirely complementary to our NSI electrical solutions and will add immediate category depth. 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,” said NSI Industries CEO G. R. Schrotenboer, in the release. “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 Platinum Tools President Lee Sachs, in the same release. NSI, which specializes in electrical and control products, will see an expanded reach into markets that encompass the Platinum Tools’ product range, including 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. Platinum Tools, founded in 1997, will continue operating from its Newbury Park facility. The company employs approximately 40 people.