The Tyrolit Group, a leading player in the abrasives industry, has announced a significant move to solidify its position in the Australian market. As part of a strategic investment, Tyrolit acquires a majority share in ATS (Abrasive Tools Specialists), a reputed wholesaler, importer and converter of abrasive tools.
Schwaz (Tyrol/Austria), 9 January 2024 – Tyrolit, already well-established in the Australian construction business, seeks to continue its success story across more industry sectors. “We are thrilled about this strategic investment in ATS, which not only strengthens our foothold in the Australian market but also opens doors to new opportunities and industries. We look forward to integrating the strengths of both entities and further contributing to the success story”, says Thomas Frieß, CEO of Tyrolit. With a focus on industrial trade products and precision abrasives Tyrolit aims to diversify its offerings and cater to a wider range of customer needs.