ARCH Global Precision, a Bloomfield Hills-based manufacturer of precision cutting tools, has acquired Ohio-based Competitive Carbide Inc., a producer of customized solid carbide drills.
Competitive Carbide also manufactures end mills, reamers, indexable tools, and custom inserts, as well as polycrystalline diamond (PCD)-tipped tools and inserts, which is a new product offering for ARCH Global.
“The transaction expands our offering of custom indexable tooling, coolant through carbide drills, and adds significant experience in PCD tooling capabilities,” says Jeff Cederstrom, divisional president for ARCH Global Precision. “In addition, CCI brings an experienced and highly technical engineering team that provides quick turnaround custom tooling solutions.”
ARCH was founded in 2011 and has 17 production facilities across the country. It serves the medical, aerospace, defense, and progressive industrial markets.
“In choosing an acquirer to sell the company to, it was important to identify a buyer who understood our business, had good cultural alignment, and who was committed to the continued growth of CCI,” says Tom Cirino, president and former owner of Competitive. “Having stayed in contact with Jeff and the ARCH team over the last several years, I was confident ARCH was the ideal buyer for CCI and its employees.”
Cirino will continue in his role as president, and the Competitive Carbide facility will continue to operate.