How to resolve AdBlock issue? Walter Surface Technologies acquires tooling manufacturers
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- January 10, 2021
Click image to enlargeMontreal-based Walter Surface Technologies has acquired two cutting tool manufacturers, expanding its cutting tool product offering to metalworkers.
Drillco is a Baton Rouge, La. premium cutting tools maker with a complete range of domestic and imported metal cutting tools, including drills, taps, dies, reamers, burs, annular cutters and more.
Triumph Twist Drill is a division of Minnesota Twist Drill and makes high quality cutting tools.
“We are very excited to welcome both Drillco and Triumph to the Walter family,” said Marc-André Aubé, CEO of Walter. “Drillco brings a solid distribution network and product expertise that will allow us to continue our mission to help our customers work better. This is complemented by Triumph’s state-of- the-art manufacturing facility. This transaction is an unequalled opportunity to build up our activities in the North American market as we continue to evaluate other growth strategies, namely through accretive acquisitions.”
Following this transaction, both Drillco and Triumph will continue to operate under their own respective brands.
The transaction is effective immediately, and Walter says activities for both customers and suppliers will remain unchanged.
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