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Ramset

Ramset

1986: Illinois Tool Works (ITW) purchases Ramset (located in St. Louis, MO) to become part of the Construction Products Division. To achieve maximum synergy with other ITW divisions in the Chicago area, Ramset moved their headquarters to Rolling Meadows, Illinois. 1988: Due to their similar products and marketing networks, ITW purchases FL Phillips Drill (Red Head) and merged the two companies, creating ITW Ramset/Red Head. With the merging of the two companies moves the headquarters to a larger facility in Wood Dale, Illinois. 1989: Ramset/Red Head introduced EPCON a technically advanced liquid anchoring system. 1992: ITW Ramset/Red Head introduce the TrakFast, a fuel cell powered fastening tool along with ½" and ¾" strip pins to attach drywall track to concrete. 1993: Opens up sales international to the Korean market. 1994/95: Acquired VIPER and COBRA powder actuated tools from Steelcon. Both brands remain top selling names in the industry. • Brands begins selling Ramset products through home centers. 1998: A tool assembly plant was opened in Glendale Heights, Illinois to assemble Trakfast tool and any newly designed powder actuated and gas powered tools. 2003: Ramset changes its motto to: Driving Jobsite Speed and dedicates resources to develop products that specifically save jobsite time and labor. • Ramset focuses on the commercial electrical contractor and introduces the T3ss, the first single-shot gas tool targeted to the needs of the electrical contractor. Ramset developed a line of commonly-used pre-assembled fasteners to be used specifically with the T3ss tool provide a complete fastening system solution. 2006: As both Ramset and Red Head units of the business continued to grow, the need to segment to allow each brand to focus on their specialized trades and channels became apparent. In early 2006, the businesses were officially segmented. 2007: In March of 2007, Ramset relocated to a new headquarters in Glendale Heights, IL which allowed Ramset to bring sales, marketing, engineering, human resources, technical support and the tool assembly plant to be under one roof. • Introduction of T3MAG, the next generation of track fastening gave gas technology the power to easily shoot overhead into hard concrete and steel without having to use powder. • Ramset sells Red Head products by introducing a new (electrical) distribution channel. 2009: With Ramset's focus on the drywall trade inherits Gypfast, developed and pioneered by sister company ITW Buildex to fasten exterior Gypsum to steel stud. • Ramset gets into the $200 million Spring Steel market by partnering with Minerallac, a value-added repackager and selling through the STAFDA distributors. Ramset quickly gains market share and dedicates resources to develop innovative products. 2010: Introduction of XT540 powder fastening tool.

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About Ramset

Founded

1948

Estimated Revenue

$50M-$100M

Employees

251-1K

Category

Industry

Construction

Location

City

Markham

State

Ontario

Country

Canada

Tech Stack (21)

search

Customer Management

Product And Design

Devops And Development

Business Intelligence And Analytics

IT Security

Collaboration

Platform And Storage