NSI Buys Platinum Tools to Broaden Portfolio, Expand Customer Base
NSI bought Platinum Tools to broaden its product portfolio and reach new customers, it said Thursday. Platinum Tools provides cable management solutions, structured wiring products, tester kits, cutters, crimpers and other products for electrical, industrial, security, audio/video, commercial, residential, datacom…
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and telecom applications. On possible organizational changes resulting from the acquisition, an NSI spokesperson emailed that the companies are working to create a “unified path forward” over the next 90-100 days. Meantime, it’s “business as usual,” she said. Platinum employs about 40 and will continue to operate out of Newbury Park, California.