Swiss multinational Oetiker Group has purchased Branford’s Rostra Tool Co., which is backed by Avon private equity firm Ironwood Capital, for an undisclosed sum, the parties announced.
Rostra, which designs and manufactures tools for the automotive, plumbing, and electrical markets under the flagship brand Sargent Quality Tools, is also backed by Buckingham Capital Partners. The company is financed by Harvest Credit Corp. and Advantage Capital.
Terms of the deal weren’t disclosed.
Southport’s Carter Morse & Mathias advised Rostra on the transaction.
