oughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))))), announced today that the Company has entered into an agreement with Ace Hardware USA and International ("Ace") to sell 35 ToughBuilt products.
According to the terms of the agreement, Ace will distribute ToughBuilt's products utilizing Ace's 15 regional service centers to reach 5,500 individual Ace stores across the U.S. This agreement saw ToughBuilt's products on Ace shelves starting in the second quarter of 2022. Among the 35 of the Company's products that Ace will be selling are some of ToughBuilt's most popular items, including: Tool Belts and Suspenders, Tool Belt Sets, Clip Tech Pouches, Clip Tech Accessories, Bags, Knee Pads, Sawhorses, and Cutting Tools.
Michael Panosian, ToughBuilt CEO, commented, "We are thrilled with the opportunity to expand our market coverage, while simultaneously driving revenue growth to a community-centric business like Ace. Our SKU expansion efforts continue to strengthen our presence in the U.S. and our agreement with Ace signifies another milestone step toward our overall product and sales channel expansion strategy. We look forward to further developing our cooperation with Ace into the future."