- ToughBuilt Industries ( NASDAQ: TBLT ) shares gained ~5% Wednesday morning after the home improvement products firm announced new distribution deals with four major retailers in Germany.
- A wide range of ToughBuilt SKUs will now be sold in stores and online by Friedrich Delker, Witte Metallwaren, Vageler & Christiansen and Bernd Ulbricht Nachf.
- ToughBuilt CEO Michael Panosian commented, "These new partnerships in Germany offer the company opportunities to capture further market share in a key EU Member state for ToughBuilt’s global growth strategy and European expansion."
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ToughBuilt Industries adds new distributors in Germany