P&F Industries Inc [PFIN]

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Company Overview

P&F Industries, Inc. (P&F) is a Delaware corporation incorporated in 1963. P&F (together with its subsidiaries, the Company) conducts its business through a wholly-owned subsidiary, Continental Tool Group, Inc. (Continental), which in turn operates through its wholly-owned subsidiaries, Florida Pneumatic Manufacturing Corporation (Florida Pneumatic) and Hy-Tech Machine, Inc. (Hy-Tech). Exhaust Technologies Inc. (ETI), Universal Air Tool Company Limited (UAT) and Jiffy Air Tool, Inc. (Jiffy), are all wholly-owned subsidiaries of Florida Pneumatic. The business of Air Tool Service Company (ATSCO) operates through a wholly-owned subsidiary of Hy-Tech. In October 2019, the Company through a wholly-owned subsidiary of Hy-Tech, acquired substantially all the operating assets comprising the businesses of Blaz-Man Gear, Inc. and Gear Products & Manufacturing, Inc., each an Illinois-based corporation that manufactured and distributed custom gears.