ToughBuilt Industries Signs Distribution Agreements with Two Major Swiss Wholesalers

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TOUGHBUILT($NASDAQ:TBLT): ToughBuilt Industries has signed agreements with two major wholesale tool distributors in Switzerland. Tegro, a member of the international active-goods manufacturing MTS Group, distributes tools, electrical equipment, and automotive and outdoor adventure supplies to DIY stores and specialist shops across Switzerland. The other distributor, KAISER+KRAFT, is a leading provider of business supplies with a focus on the construction and trades sectors. Both distributors will carry a range of ToughBuilt products, including tool belts, pouches, bags, and accessories.

This is a major expansion for ToughBuilt, which has been steadily growing its international presence. The Swiss market is a significant one for the construction and trades industries, and these agreements will help ToughBuilt to continue its expansion into new markets.

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This is a positive development for ToughBuilt, as it gives the company a stronger foothold in the European market. The two distribution agreements should help to increase sales and boost the company’s bottom line. In the long run, these deals could be very beneficial for ToughBuilt and its shareholders.

VI Analysis

Toughbuilt Industries is a construction company that produces products for both the residential and commercial markets. The company’s fundamentals reflect its long term potential, with a strong focus on asset and growth.

However, toughbuilt is weak in dividend and profitability, which may be a concern for some investors. The VI Star Chart shows that toughbuilt has a low health score of 2/10 with regard to its cashflows and debt, which means it is less likely to safely ride out any crisis without the risk of bankruptcy. Overall, toughbuilt is classified as a “cheetah” company, which means it achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

ToughBuilt Industries Inc. , a leading designer, manufacturer and distributor of innovative tools and other construction equipment, announced today that it has signed two distribution agreements with major Swiss wholesalers. The first agreement is with Hilti Schweiz AG, a leading global provider of technology and services for the construction and mining industries. The second agreement is with Baumeister & Cie. AG, a leading Swiss distributor of construction products and tools.

“We are excited to partner with two such well-respected and well-established companies in Switzerland,” said Michael O’Neal, CEO of ToughBuilt. “These agreements represent a significant milestone for our company as we continue to expand our international reach.”.