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KREG TOOL BREAKS GROUND ON NEW CORPORATE CAMPUS IN ANKENY

Todd Sommerfeld – CEO at future Kreg headquarters in Ankeny, IA

News release: April 21, 2020

The company looks forward to a vibrant future in a new location

HUXLEY, Iowa – (April 21, 2020) – Today, Kreg Tool Company marked a major milestone in its 30-year history by breaking ground on its new corporate campus, located in the Crosswinds Business Park development in Ankeny, Iowa, just south of the Department of Transportation.

“We are excited for the future of Kreg Tool, as well as the economic growth our new campus will contribute to in central Iowa,” stated Todd Sommerfeld, CEO of Kreg Tool. “Not only will this new facility be able to better accommodate Kreg’s continued growth needs, but it will provide opportunities for job growth as well, as our campus will be located closer to the Des Moines metro area.”

Kreg Tool Company has called Huxley, Iowa, home since it was first founded in 1989. “Huxley has served Kreg well over the years by providing us with a great place to grow our company into what it is today,” said Sommerfeld. “We are excited for our next chapter to begin in the vibrant and growing community of Ankeny!”

This new facility will be 150,000 square feet and will enable Kreg to continue its growth trajectory by providing the space, technology, visibility, and efficiency to meet current customers’ needs, while expanding international sales and developing new digital channels for the company’s products and services. Construction is expected to conclude in late summer/early fall of 2021.

Founded in 1989 and headquartered in Huxley, Iowa, Kreg Tool Company creates solutions that give woodworkers and do-it-yourselfers the confidence to create their own projects, while helping to provide a sense of accomplishment upon completion Kreg also offers educational resources for consumers through newsletters, social media, the Kreg Owners’ Community, and BuildSomething.com, a website that provides step-by-step project plans and information for building DIY projects. Kreg products are available throughout North America and in select international locations through local dealers, home centers, and online retailers. For more information, visit kregtool.com or call 800-447-8638.

KREG TOOL COMPANY CREATES KREG EUROPE

News release: January 2, 2020

Kreg enters new joint venture to grow business in Europe

HUXLEY, Iowa – (Jan. 2, 2020) – Today, Kreg Tool Company announced that it has entered a new joint venture to grow business in Europe. With this, it has resulted in the creation of a new company called Kreg Europe, located in Inning, Germany.

“Kreg has been selling products in Germany for more than 10 years after realizing the growth potential that existed in that country,” stated Shane Rourke, Vice President of Sales and Marketing at Kreg. “In order to expand our brand to maximize sales potential in Europe, we discovered that we needed to change our sales approach and take additional steps to work with someone who understands the European market and could provide the marketing support we needed.”

Kreg chose to partner with an individual named Martin Sauter, who owns his own e-commerce business (SauterShop) and has served as a retailer of Kreg products for 10 years, proving his familiarity with our brand. Sauter will work to expand the distribution network, handle fulfillment and marketing, and has the necessary customer service capabilities for our needs.

Kreg Europe is partially owned by Kreg Tool in Iowa and Martin Sauter. The company will be co-located in the SauterShop facilities, leveraging their space, processes and talents. This is a perfect location as the SauterShop culture of ensuring customer satisfaction and success aligns perfectly with Kreg’s values.

“We are excited about what this joint venture represents for the future of Kreg Tool,” commented Rourke. “This is a tremendous opportunity for our company.”

Founded in 1989 and headquartered in Huxley, Iowa, Kreg Tool Company creates solutions that give woodworkers and do-it-yourselfers the confidence to create their own projects, while helping to provide a sense of accomplishment upon completion. In addition to their well-known Kreg Jig® pocket-hole jigs, Kreg offers solutions for measuring and marking, cutting, joining, clamping, routing, hardware installation and creating a workspace. Kreg also offers educational resources for consumers through newsletters, social media, the Kreg Owners’ Community, an online community for passionate project builders that allows them to interact with each other and share their projects, and BuildSomething.com, a website that provides step-by-step project plans and information for building DIY projects. Kreg products are available throughout North America and in select international locations through local dealers, home centers, and online retailers. For more information, visit kregtool.com or call 800-447-8638.