Under the agreement, Ace will distribute ToughBuilt's products utilizing its 15 regional service centers to reach 5,500 individual stores across the U.S.
Among the products that Ace will be selling are Tool Belts and Suspenders, Tool Belt Sets, Clip Tech Pouches, Clip Tech Accessories, Bags, Knee Pads, Sawhorses, and Cutting Tools.
"We are thrilled with the opportunity to expand our market coverage, while simultaneously driving revenue growth to a community-centric business like Ace," said CEO Michael Panosian.
Price Action: TBLT shares are trading higher by 29.69% at $5.94 on the last check Thursday.
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