In its quest to become a global leader for productivity and safety solutions in the metalworking industry, Walter Surface Technologies announces the acquisition of Greenfield Industries, a U.S.-based leading manufacturer of branded and private label cutting tools.
Walter and Greenfield Industries share a strong focus to provide solutions answering the needs and challenges facing industrial end-users. With the addition of Greenfield to Walter’s portfolio, it can help customers to be more productive with effective and durable cutting tools solutions for a broad subset of applications.
“We are very excited to welcome Greenfield Industries to the Walter family,” said Marc-André Aubé, CEO of Walter. “Greenfield brings to Walter its premium USA-made brands (Cleveland, Chicago-Latrobe, Cle-Line, Greenfield Threading) and its robust manufacturing capabilities and infrastructure that will allow us to continue our mission to help our customers work better. Walter is always looking to provide solutions that answer the needs and challenges facing end-users in the metalworking industry. Now, with this acquisition, Walter is a primary supplier of tooling and drilling solutions in North America. This transaction is an unequalled opportunity to position Walter as a primary supplier of tooling and drilling solutions in North America as we continue to evaluate other growth strategies, namely through accretive acquisitions,” he said.
“We saw in this opportunity the perfect alignment of both products and values,” said Ty Taylor, president of Greenfield Industries. “We are proud to see Greenfield adding its tooling and drilling solutions to Walter’s renowned and robust offering. We are confident this is a strong pathway to growth.”
Following this transaction, Greenfield Industries will continue to operate under its own respective brands.
MORE INFO www.walter.com
