Munster Tool Co: Munster Tool Co. Set To Capitalise On Downturn

The Irish Magazine:

Bucking the trend that has seen many automotive companies suffer during the recession, Munster Tool Co. is instead set to strengthen its position in 2009. The Cork-based company, which sells specialised tools to mechanics, is aiming to capitalise on the increasing number of people using independent, cost-effective garages, which need the right tools to provide a fast and efficient service to customers.

Martin McMahon, Director of Munster Tool Co., says: “It is evident that garages are shutting down, but what happens when they shut? The mechanics that have lost their jobs go and set up smaller garages themselves, or they begin to work from home. This means they will need to buy tools to set up these smaller businesses.”