Waterloo Industries Inc., a leading manufacturer of tool and garage storage products for the retail and industrial trade, has been purchased by AFI Partners, a New York-based private equity firm with a background of helping small and mid-size industrial companies realize their potential. Waterloo had previously been owned by Fortune Brands, a Fortune 500 company based in Deerfield, Illinois. AFI purchased Waterloo as a platform for growth. The plant employs more than 350 full