GMP and its 130 employees will fall under a new corporate entity of Klein Tools, General Machine Products LLC, and will continue to operate from its Bucks County facilities. There are no planned layoffs. A GMP subsidiary and facility in the United Kingdom, CBS Products, also was acquired.
A third-generation business owned and operated by the Pfundt family since 1936, GMP supplies specialty cable-placement tools and equipment. The company specializes in cable-lashing machines, cable-blowing equipment, and other tools for the utility, data, and telecommunications industry.
"GMP is very appealing to Klein Tools as we continue to expand our U.S. manufacturing presence," Thomas R. Klein Sr., Klein's chairman, said in a release. "GMP and Klein Tools have much in common, including loyal customers, go-to-market strategies, and reputations for high-quality products. We believe our combined resources will present additional growth opportunities, and we're excited to welcome GMP to the Klein Tools family."