Jasper, Ind.-based toolmaker NAP Gladu, a Techniks Industries company, acquired Eide Saw & Tool Service Inc., Minneapolis. For over 90 years, Eide Saw has provided tooling, including carbide-tipped saws, cold saws and bandsaws. NAP Gladu's acquisition of Eide Saw builds on one of North America's largest service networks and will enable the combined companies to provide a broader range of solutions for Eide Saw's customers, including insert, carbide shank and diamond tooling.

"We are delighted with this acquisition and see this as a perfect fit, as both Eide Saw and NAP Gladu share a commitment to delivering the highest-performing solutions and world-class customer service," said Vern Cameron, CEO of Techniks Industries, the parent company of NAP Gladu. He continued, "This acquisition helps fulfill the strategy to build our platform with industry-leading brands and leverage the incredible depth of our colletive industry knowledge to drive operational efficiencies and performance for our customers."