Level5 Tools has been sold to Worthington Industries
Level5 Tools is a premium quality, industry-leading producer and supplier of the broadest line of drywall taping tools, based in Kansas City, Kansas. Level5 has been perfecting its line of drywall tools since 2011. Through its broad product family, the company serves thousands of professional finishers throughout the United States, Canada and other countries. With the feedback and voice of its customers, Level5 has become the leading innovator of tools that make drywall installation and finishing easier, more efficient and ultimately more profitable for its customers. Level5 works through a wide variety of channel partners and reaches its end-users via direct-to-consumer channels as well.
The acquisition of Level5 expands Worthington Industries’ consumer products brands and offerings in its tools category, introducing attractive new end markets.
Bobby Reifman, Managing Director in Lincoln’s Industrials Group, commented, “Strategic acquirers within the tool space continue to look for opportunities to expand their product offering and leverage their deep channel relationships. Worthington has become an acquirer of choice in the branded tool space, and we expect continued mergers and acquisitions activity in the sector.”
Worthington (NYSE: WOR) is a leading industrial manufacturing company pursuing its vision to be a transformative partner to its customers, a positive force for its communities and earn exceptional returns for its shareholders. For over six decades, the company has been delivering innovative solutions to customers spanning industries such as automotive, energy, retail and construction.
The company’s focus on innovation and manufacturing expertise extends to market-leading consumer products in tools, outdoor living and celebrations categories, sold under brand names, Coleman®, Bernzomatic®, Balloon Time®, Level5 Tools®, Mag-Torch®, Well-X-Trol®, General®, Garden Weasel®, PacTool International® and Hawkeye™ as well as market-leading building products, including water systems, heating and cooling solutions, architectural and acoustical grid ceilings and metal framing and accessories.
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