Dec 22 2009
AGR Tools, Inc. is pleased to announce that AGR Stone & Tools USA, Inc., with which AGR Tools, Inc. has entered into a binding share exchange agreement, has expanded its distribution network into Nashville and the Middle Tennessee markets.
With a population of approximately two million people and a multi-million dollar diamond tool market, the territory serviced by this addition will allow the company to continue increasing its presence in North America. The AGR Stone & Tools USA, Inc. distribution center in this region will be able to service Middle Tennessee's numerous general contractors, granite fabricators, concrete contractors, stonemasons, tile contractors and other construction professionals. The expansion will also position the company to take advantage of the large amount of government infrastructure spending in the state of Tennessee.
AGR Stone & Tools USA, Inc.'s entry into the Tennessee market represents an important step in achieving the expansion objectives the company has outlined for 2009. Its growing list of distribution centers throughout North America now consists of a network of 22 distribution outlets in 15 states and provinces in the United States and Canada.
As the only major manufacturer of diamond tools that markets and distributes its products directly to customers, AGR Stone & Tools USA, Inc. has a major advantage over its competition. By selling directly, its goal is to control a quarter of the approximately $8 billion North American diamond tool market. "As our distribution network continues to grow, that goal is becoming more and more a reality," noted Rock Rutherford, the CEO of AGR Stone & Tools USA, Inc.
Source: http://www.agrtools.com/