Antex Craft has announced that BVI- based TSC Group Holdings Ltd has made a significant investment representing a 75 per cent stake in the company. Since it's beginning over 70 years ago, Antex has been the favoured brand of choice for soldering irons, and more recently crafting tools.
The Antex name has long been synonymous with reliable quality and durability. TSC has followed the company, the most highly regarded British brand, closely for several years and this investment offers a strong growth and support to further build upon the Antex name.
The companies announce their intent to increase research and development with the aim to accelerate new product solutions for its customers. Strategic relationship between the two companies will allow both to leverage their expertise in driving innovation, strengthening the Antex Craft route to market and increasing availability.
Managing Director, Ian Lockhart says, “This is an important opportunity to build on our success and accelerate development allowing us to solidify our leadership position. We're expecting some major developments in our product line especially with our crafting tools. TSC's investment underscores a positive change for Antex Craft.”
With this investment John Curzon, UK representative of TSC will sit on the Antex Board of Directors to help identify best practices in production, distribution, brand-building and product portfolio expansion.
For more information, visit www.antex.co.uk.
Posted: 14 April 2016
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