Draper Tools acquires Van Vault and Defender Lighting

Draper Tools has acquired two new brands, Van Vault and Defender Lighting. Both brands were formerly part of Toolstream Ltd, which has recently entered administration.

Van Vault was established over 20 years ago and is a leading supplier of vehicle and on-site security storage solutions, while Defender is a prominent brand in the global site lighting and power distribution industry.

Matt Sheen, CEO at Draper Tools said: “We are pleased to be able to incorporate two such well-known brands into the Draper offering. The acquisition allows us to continue meeting demand and helps us further our goal to provide the most comprehensive range of best-in-class tools to our customers.

“Draper may be a 106-year-old company with a long history, but we’re also a very forward-looking business, focused on growth as well as listening to our customers and the wider market. Acquiring these two brands represents a key part of our continued investment in the future and new markets.”

Greater detail on product availability is set to be communicated in the coming weeks by Draper Tools.

“We understand there may be questions from the market and individuals about this announcement and we want to offer reassurance that more information will follow in due course. In the meantime, we have set up a dedicated email address for each brand and would urge anyone with any immediate questions and concerns to get in touch via this route,” Sheen added.