Thule agrees to purchase truck tool box maker UWS

Thule Inc., the world leader in sports utility transportation, announced September 6 that they have entered into an agreement to purchase United Welding Services and UWS Inc. (collectively known as UWS) for an undisclosed amount with a closing date of September 10. UWS is an industry leading manufacturer of branded aluminum truck tool boxes, step bars and accessories in the United States. The acquisition will increase Thule's product offering and distribution in the professional tradesman segment.

"The pending acquisition of UWS will complement our successful line of professional truck racks and accessories," said Thule president Fred Clark. "UWS shares our passion for manufacturing world-class products in the United States while providing great value to our consumers."

"We are excited to join the Thule family and we look forward to the opportunities this will provide to our employees and dealers," said UWS president Jimmy Giddens. "Thule's products are internationally respected for their quality and innovation and we are proud to be a part of that."

"I would like to personally thank all our employees and dealers for the years of dedication and support," added UWS chief executive officer Kenny Jones. "I am confident that Thule will continue to provide you with the same level of service that you expect from UWS."