Allied Machine Announces Purchase of Majority Interest in Wohlhaupter
October 13, 2016
Allied Machine & Engineering Corp., a leading manufacturer of holemaking and finishing tooling systems, recently announced it has purchased a majority of the shares of Wohlhaupter GmbH of Frickenhausen, Germany, Wohlhaupter USA, and Wohlhaupter India.
Known worldwide as a manufacturer of innovative, modular tool systems, Wohlhaupter produces facing and boring heads, grooving heads, clamping tools, and customized solutions for boring operations. The most significant product additions include Wohlhaupter’s larger diameter boring tools and their line of digital boring tools. With one innovation after another, they have continually reinforced their reputation as the world leader in digital boring tools.
“Allied Machine is a perfect fit with Wohlhaupter,” said Bill Stokey, president/CEO of Allied Machine & Engineering. “Both are family-owned companies whose foundations are built upon excellent quality, flexibility, and ability to customize products and services, as well as a preference for building strong partnerships with our customers. These commonalities will produce a seamless integration of our philosophies and services.”
Customer sales and support will continue to be provided by both Allied and Wohlhaupter, reflecting the strong longstanding relationships established by both companies.
“By acquiring Wohlhaupter, Allied has added the world’s widest range of precision boring tools to our already vast array of available products,” said Eric Tope, vice president of marketing and sales. “Equally important is the fact that Allied now has a manufacturing presence in Europe and an additional 30 field sales engineers throughout the USA, Germany, and India.”
FOR MORE INFORMATION: alliedmachine.com