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Stride Tool and Valvoline® Sign Exclusive Licensing Agreement

Valvoline Product Names Will Appear on Oil Filter Service Tools

GLENWILLOW, OHIO (March 18, 2005) — Stride Tool Inc., a worldwide designer and manufacturer of specialty hand tools, today announced an exclusive licensing agreement with Valvoline for oil filter service tools. Valvoline, MaxLife® Trademarks will appear on Stride Tool’s wrenches, pliers, drain pans, funnels and MagnaMat®.

“We are very excited to be associated with powerful brands like Valvoline, Valvoline MaxLife and Valvoline Racing,” said Ron Ortiz, Stride Tool chief executive officer.  “Our American-made oil changing products merit association with these superior brands.”

“Valvoline is a name synonymous with quality as is Stride Tool, which makes this an ideal partnership,” added Daniel Brass, Stride Tool director of sales, automotive and retail. 

Valvoline®, a division of Ashland Inc., has been serving American motorists longer than any other motor oil company and is a leading innovator and supplier of quality, high-performing automotive and industrial products in more than 100 countries.

Stride Tool Inc. designs, manufactures and markets professional and DIY hand tools for a global customer base. The privately held company operates production facilities in Illinois, New York and Ohio. 

V®, AND VALVOLINE®, REGISTERED TRADEMARK USED WITH PERMISSION FROM VALVOLINE COMPANY, A DIVISION OF ASHLAND, INC.

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