Walter Surface Technologies Acquires Greenfield Industries
Through the acquisition, Walter says it can help customers be more productive with effective, durable cutting tools solutions for a broad subset of applications.
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Walter Surface Technologies has announced the acquisition of Greenfield Industries.
With the addition of Greenfield to Walter’s portfolio, the company says it can help customers be more productive with effective, 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,” says 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.”
Ty Taylor, president of Greenfield Industries, adds, “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 its own respective brands. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.
