WALTER Surface Technologies acquires Greenfield Industries to expand product lines
by CM Staff
Following this transaction, Greenfield Industries will continue to operate under their own respective brands.
WALTER Surface Technologies acquires Greenfield Industries to expand line products
MONTREAL — WALTER Surface Technologies announces the acquisition of Greenfield Industries, a USA based 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, WALTER says they will 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. 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 as a primary supplier of tooling and drilling solutions in North America,” said Marc-André Aubé, CEO of WALTER. “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 added.
Ty Taylor, President of Greenfield Industries, welcomes the new relationship: “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.
