ARCH Cutting Tools Corp. in Bloomfield Hills has acquired North American Carbide of Orchard Park, N.Y. Terms of the transaction were not disclosed.
North American Carbide provides highly engineered cutting solutions to the medical, aerospace, energy, and automotive industries.
“North American Carbide’s custom insert capabilities adds a strategic dimension to the ARCH offering and takes ARCH’s engineered cutting tool solutions to a new level for our customers,” says Jeff Cederstrom, division president of ARCH Cutting Tools. “As the industry continues to move toward highly engineered solutions, we are proud to welcome NAC to the ARCH team.”
ARCH Cutting Tools has 1,600 employees and North American Carbide has as many as 200 workers.
“Joining the ARCH team is a great cultural fit for our company and will allow us to support our customers and continue to give them the best overall value in our customized engineered cutting tools. It’s great to be a part of a world-class organization,” says Bob Gralke, CEO of North American Carbide.
Eli Crotzer, president and CEO of ARCH, says, “As the ARCH team celebrates our 10th anniversary since the formation of the company on Dec. 21, 2011, it is appropriate that our 34th acquisition involves such a transformational business as North American Carbide.
“The highly engineered specialty inserts that NAC excels at are highly complementary to our operations in both Flushing and Mentor, Ohio. I am confident that the combination of NAC and ARCH Cutting Tools will make both businesses stronger and more competitive in the marketplace.”