FEIN acquires Magnetic Drill Manufacturer Jancy Engineering

This could be a nice acquisition for Fein, headquartered in Germany as their line of portable magnetic drills are not that popular, in the US at least. Jancy is the number two line in the US market behind Hougen Manufacturing so it will definitely give Fein a nice foothold here in the states. Jancy, based in Iowa, sells their machine under the popular name Slugger. It does not look like Fein is planning to make any great changes in management at this point but at the same time they probably didn’t make the acquisition just for business as usual. It will be interesting to see how it all plays out. Read more at Construction Supply Magazine.

For a great selection of Mag Drills visit OhioPowerTool.com or call 800-242-4424, these guys really know their stuff when it comes to mag drills, annular cutters and other related fabrication tools. They also stock a wide range of these drills and cutters from several manufacturers however they don’t stock either of the Jancy or Fein mag drills.  

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