GWS Tool Group acquires Carbide Tools Mfg.
GWS Tool Group has acquired Carbide Tools Mfg. Inc. based in Menomonee Falls, Wisconsin.
Started in 1992 by Wayne Riekkoff, Carbide Tools began servicing the greater Milwaukee area manufacturing industries with special carbide round tooling, eventually expanding its products and services nationwide.
“CTMI has a tremendous reputation for service and ingenuity,” said Rick McIntyre, CEO GW Tool. “Their experience with round tools and commitment to quality perfectly mirrors that of the GWS organization and will further enhance our capacity to support the round tool segment of our business.”
“I am very excited for Carbide Tools Manufacturing Inc. to be joining GWS Tool Group,” said Riekkoff, president of CTMI. “The skill sets of our business could not align more closely with that of GWS. Being able to plug our facility into the GWS engine will undoubtedly increase customer exposure and fuel future growth for years to come.”
Headquartered in Tavares, Florida, GWS is a vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools. GWS was acquired by Walter in November 2021.
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