MARSHALLTOWN, a privately held leader in construction tools and equipment, announced the acquisition of Wallboard Tool Co., a leading manufacturer of quality, professional drywall tools and accessories. Based in Long Beach, California, Wallboard Tool Co. was owned by the Masterson family and has been in business since 1946.
Both companies share a similar customer base and have a long tradition of innovation, growth and customer satisfaction. With this acquisition, MARSHALLTOWN expands its presence and market share in the drywall industry and solidifies its position as the world leader in drywall tools and accessories.
“It was a natural fit,” says MARSHALLTOWN president and CEO Joe Carter. “Wallboard Tool has been a worthy competitor in the drywall space for over 75 years. We share a similar customer base, are family-owned businesses and are committed to manufacturing quality drywall tools in the United States. Our plan is to honor what Wallboard Tool and the Masterson family built and offer our cumulative customer base an even broader assortment of professional drywall tools, equipment, and accessories.”
MARSHALLTOWN plans to integrate the Wallboard Tool products into their existing catalog. Manufacturing and distribution operations will be moved to Marshalltown, Iowa and Fayetteville, Arkansas.
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