People & Companies

L Squared Capital Partners and GWS Tool Group announced that L Squared has partnered with GWS management to recapitalize the GWS. Financial terms of the transaction were not disclosed.

Hyperion Materials & Technologies Inc. announced that it signed an agreement to acquire Arno Friedrichs Hartmetall GmbH & Co. KG and its affiliates (AFC), a global solutions provider in premium tungsten carbide blanks used in the manufacture of high precision rotary cutting tools for… Read More...

ARCH announced the appointment of Lori Lorant to the position of vice president human resources. Lorant has been with the organization for almost five years and has held the roles of employee relations manager and director of human resources prior to her promotion to vice president.

Methods Machine Tools Inc. announced that its board of directors has appointed Mark Wright as its president and CEO. Wright will assume all operating functions of Methods Machine Tools, including the Sudbury, Massachusetts, headquarters and all seven direct offices throughout the U.S., as well as… Read More...

Mobile Industrial Robots opened its largest office in North America to accommodate continued growth across the continent. The new two-building, 7,376-sq.-ft. office in Holbrook, New York, replaces the Danish company’s first international office, opened in the same city in 2016.

IBC announces that WIDIA Products Group, Latrobe, Pennsylvania, has joined the IBC industrial buying group as a preferred supplier. WIDIA is a leading manufacturer of precision metalcutting tools utilized in CNC machining operations.

As part of the company’s ongoing commitment to quality, innovation and long-term growth, GF Machining Solutions recently announced two key leadership changes, both of which were effective Sept. 1, 2019. Scott Fosdick, former president and head of market region North and Central America, has been… Read More...

Burgsmüller, a subsidiary of the KraussMaffei Group, confirms its strong commitment to Lower Saxony by building a new metalworking plant in Einbeck, not far from its current location in Kreiensen. In mid-April 2019, the company signed a lease agreement with VGP – a leading project developer for… Read More...

Gary Brown, president and general manager of Heule Tool Corp., Loveland, Ohio, recently celebrated his 30th anniversary with the company. Brown began working for Heule in August of 1989, shortly after earning his engineering degree from Miami University in Oxford, Ohio.

Heidenhain announces the opening of a new central U.S. sales office as part of the company’s continued North American expansion efforts. Operating in Longmont, Colorado, this new office now provides direct sales support for central U.S. and Mexico territories, previously managed in either… Read More...

Open Mind Technologies AG announced it is celebrating its 25th company anniversary this year. Founded in 1994 and growing from just 20 employees to over 300 personnel located throughout the world in sales and service subsidiaries in 15 countries, Open Mind's hyperMILL software suite is a… Read More...

BLM Group USA, a global leader in the manufacture of tube and flat sheet processing solutions, announces Michael Martin as service director.