ARCH Global Precision ("ARCH"), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision-machined industrial components, and medical implants and instruments has acquired American Tool Service and OrthoGrind ("ATS" and "OrthoGrind"), with locations in Fort Wayne, Indiana and Indianapolis, Indiana. ATS is a manufacturer of standard and custom carbide end mills, drills and rotary shank cutting tools for the medical, aerospace and general industrial markets. In addition, OrthoGrind provides grinding services for medical instruments, including drills, taps, reamers and extractors. Post close, ATS will become part of ARCH's Cutting Tools division.
"We are excited to announce the acquisition of ATS, as this acquisition further expands ARCH's cutting tool product offering. Additionally, ATS brings an experienced and highly technical commercial sales team that places a high degree of emphasis on engineering solutions and design," commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. "Adding ATS' Eliminator series of high-performance end mills and design capabilities for custom tooling applications will drive incremental growth for ARCH Cutting Tools. Furthermore, OrthoGrind's medical instrument grinding services will be leveraged by ARCH's medical division, ARCH Medical Solutions ("AMS"), to expand the product offering for the AMS customer base," concluded Mr. Cederstrom.
Todd Gibson, the former owner and continuing President of ATS, commented, "I am pleased to announce the partnership between ATS and ARCH. It was important to identify a partner with a strong presence in the cutting tool industry, and one who shared a similar strategic vision for the business. Given the reputation and market position of ARCH Cutting Tools, I was confident ARCH would be the ideal partner to take ATS to the next level." Mr. Gibson will continue in his current role as President of ATS during the next stage of growth under ARCH's ownership.
SOURCE: ARCH Global Precision