Rostra Tool Company has sold 100% of its stock to the Oetiker Group of Horgen, Switzerland. Carter Capital Corporation, a CMM affiliate, served as Rostra's exclusive financial advisor for the transaction, which closed on October 31, 2014. Terms of the cash transaction were not disclosed. Backed by Buckingham Capital Partners and Ironwood Capital and financed by Harvest Credit Corp and Advantage Capital, Rostra designs and manufactures specialized hand tools mainly for the plumbing, automotive and electrical market. The company markets its product lines of crimp tools, press tools, cutting tools and strip tools to wholesale distributors and other market specific distribution channels under a number of trademarked brands, with its flagship brand being "Sargent Quality Tools". For more than 150 years, Rostra has led the industry in introducing innovative hand tool solutions that meet end users' exacting requirements for performance, durability, weight and ergonomics. For more information, please visit www.sargenttools.com.
