CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Walter Surface Technologies acquires Greenfield Industries

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The acquisition of Greenfield Industries positions WALTER as a supplier of tooling and drilling solutions in North America. PHOTO courtesy Greenfield Industries.

WALTER Surface Technologies is acquiring Greenfield Industries, a US based leading manufacturer of branded and private label cutting tools.

“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,” said  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.

Ty Taylor, President of Greenfield Industries, also welcomed the new relationship, adding: “We saw in this opportunity the perfect alignment of both products and values. 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 their own respective brands. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.

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