Posted January 13, 2010

ASKO acquires Wapakoneta Machine Co.

ASKO Inc., a Homestead, Pa.-based manufacturer of shear knives and wear parts for metal producers, processers, and recyclers, recently acquired assets of The Wapakoneta Machine Company.

Wapak, founded in 1891 in Wapakoneta, Ohio, manufactures straight and circular knives for the steel and non ferrous metals industries, slitter tooling, and hardened machine ways.

ASKO manufactures and supplies shear knives, slitter tooling, and wear parts for the metal producing, processing and recycling industries.

"ASKO's acquisition affords Wapakoneta customers the continuous availability of tooling grades and outstanding performance they have long relied upon. ASKO's entire team looks forward to servicing Wapakoneta customer tooling requirements," said Bill Rackoff, ASKO CEO.