Rothenberger announced the formation of a joint venture with Greenlee Textron.

Rothenberger, a German manufacturer of plumbing and piping tools, announced the formation of a joint venture with leading electrical tools manufacturer Greenlee Textron. The venture is aimed at further expanding the companies' combined service and product offerings in the U.S. and Canadian professional plumbing products and pipe tools segments. Terms of the joint venture, which will sell products under the Rothenberger brand name and be headquartered in Rockford, IL, were not disclosed.