GWS Tool Group Acquires Carbide Grinding Co.
The manufacturer of precision carbide, PCD and cBN-tipped insert tooling is expected to complement GWS Tool Group’s round tool experience.
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(Tavares, Florida), the parent company of GW Schultz Tool, has acquired Carbide Grinding Co. (Chesterfield, Indiana).
Carbide Grinding has been manufacturing precision carbide, PCD and cBN-tipped insert tooling for the automotive, aerospace, power generation and medical sectors since 1958. The company will continue to operate out of it facility in Indiana under the name CGI Tool. It will also maintain its current leadership team and production force.
“The addition of Carbide Grinding gives us an insert tooling option to complement our existing round tool expertise that we believe will create a great deal of value for current and future customers alike,” says Rick McIntyre, CEO of GWS Tool Group.
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