How to resolve AdBlock issue? Walter Surface Technologies acquires tooling manufacturers
- Details
- 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.
FABTECH Canada – Canada’s exclusive metal fabricating, forming, and welding event – and the CWB Group have partnered to co-locate the CWB Group’s CanWeld Conference at FABTECH 2020.
Jonathon Dougherty has joined Heidenhain Corp. as the new North American product specialist for the automation division.
He will be based in Schaumburg, IL, and provide product support to North American customers and prospects. He will be responsible for automation product support for the company's rotary encoders, slip rings and resolvers. Heidenhain markets these products under the Heidenhain, Renco, Leine & Linde and LTN brands.
Multinational manufacturer Tenaris, is planning to consolidate all of its pipe manufacturing operations into its Tenaris Algoma Tubes division in Sault Ste. Marie, Ont.
Bystronic Canada has added André Belisle to its Canadian division as direct sales engineer.
Cutting tool and tooling systems provider Sandvik Coromant has announced continued support of Saskatchewan Polytechnic’s Innovative Manufacturing program.
Bystronic Canada Ltd. has announced that Terry Matheson and Gannon McSween are joining as direct sales personnel for Alberta, British Columbia, Manitoba and Saskatchewan.
Magna International Inc., in cooperation with the US Department of Energy (DOE) and partners FCA US and Grupo Antolin, announced it has developed a new, ultralight door architecture that achieves the project objective of 42.5 per cent mass savings compared to an average current production door.
Siemens Canada Ltd., Oakville, ON, will soon be busy building more wind tubines at its Tillsonburg, ON, manufacturing and assembly facility after securing a deal to deliver and install 46 direct drive win turbines to the Cedar Point project in Sarnia, ON.
Jamie Schell has joined Autodesk as a member of the DMG CAM AMER product specialist sales team.
Mazak Optonic Corp.'s Hi-Speed Modular Vertical Automation system designed for job shops, OEMs or production facilities. Suction cups and forks work independently to reduce cycle times.
