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October 13, 2015 8:28 AM ET

Household Durables

Company Overview of Pressmaster AB

Company Overview

Pressmaster AB develops and manufactures crimping and cable termination hand tools for electrical, electronic, optical, and other applications. It also offers customized tools. The company serves telecommunications, electrical power, aerospace, and automotive industries. It sells its products through distributors worldwide. Pressmaster AB was formerly known as Pressmaster Tool AB and changed its name to Pressmaster AB in 2001. The company was founded in 1970 and is headquartered in Älvdalen, Sweden. As of November 30, 2012, Pressmaster AB operates as a subsidiary of Phoenix Contact GmbH & Co. KG.


P.O. Box 3

Älvdalen,  796 21


Founded in 1970


46 25 14 51 00


46 25 14 51 45

Key Executives for Pressmaster AB

Compensation as of Fiscal Year 2015.

Pressmaster AB Key Developments

Pressmaster Recalls Cable Stripping Tool Due to Impact Hazard

Pressmaster recalled cable stripping tool due to impact hazard. The recall date is February 19, 2015 and the name of the product is 'Xcelite' cable stripping tools. Hazard is the too's plastic end cap can fly off the product with force either during use or while in storage, posing an impact hazard. This recall involves the Xcelite professional stripping tool for round cables of all insulation types. The tool is back and is approximately six inches long. 'Xcelite' 'CJS 200' are printed on the face of the tool.

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