Irvine, CA – According to filings with the U.S. Securities and Exchange Commission, Toughbuilt Industries is raising $7,499,998.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Panosian played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Toughbuilt Industries
ToughBuilt Industries, Inc. designs, develops, manufactures, and distributes home improvement and construction products for the building industry in the United States and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/cellphones, etc.; and kneepads. The company also provides sawhorses, miter saws, table saws, roller stands, and workbenches; sawhorse/jobsite tables; and digital measure and levels. It offers its products under the TOUGHBUILT brand through various home improvement big box stores, professional outlets, and direct marketing to construction companies and trade/wholesale outlets. The company was formerly known as Phalanx, Inc. and changed its name to ToughBuilt Industries, Inc. in December 2015. ToughBuilt Industries, Inc. was incorporated in 2012 and is based in Lake Forest, California.

To learn more about Toughbuilt Industries, visit http://www.toughbuilt.com/

Contact:
Michael Panosian, Chief Executive Officer
949-528-3100
https://www.linkedin.com/in/michael-panosian-356a6598/

SOURCE: http://www.intelligence360.io
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