Jan 12 2010
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 continued to expand its distribution network by reaching an agreement with a new distributor in Wisconsin.
The territory covered by this addition has a population of approximately 5.6 million people and an annual diamond tool market of approximately $45,000,000. Strategically located in Green Bay and Milwaukee, the distribution centers will service the region's general contractors, granite fabricators, concrete contractors, stonemasons, tile contractors, and other construction professionals. AGR Stone & Tools USA, Inc. will also be positioned to take advantage of the millions in government infrastructure spending in the state of Wisconsin.
AGR Stone & Tools USA, Inc.'s entry into the Wisconsin market will be instrumental in achieving the expansion objectives the company has outlined for 2010. The Wisconsin market adds to the growing list of its distribution centers throughout North America and is the latest of 24 distributors in 16 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 their customers, AGR Stone & Tools USA, Inc. has a major advantage over its' competition. By selling directly, it plans to control a quarter of the approximately $8 billion North American diamond tool market. "Our goal is 25% of the market which equates to $2 billion in sales. As our distribution network continues to grow, that goal is becoming more and more a reality", said CEO of AGR Stone & Tools USA, Inc., Rock Rutherford.
Source: http://www.agrtools.com/