Royal Products today announced a recent investment from growth-oriented investor Heartwood Partners in partnership with the management who will continue to lead the company. This financial backing will position Royal for continued expansion and market leadership.
With strong financial resources, an experienced management team, state-of-the-art manufacturing facilities, nationwide salesforce, and strong distributor and end user relationships, Royal is poised to expand its business aggressively through both organic growth and strategic acquisitions of exceptional businesses.
“We are thrilled to start an exciting new chapter in Royal’s growth. As we continue investing in our operations, equipment, and people, Royal is actively looking to expand its footprint within the metalworking accessory sector via acquisitions and/or partnering with owners and management teams of synergistic businesses,” stated Tom Sheridan, CEO of Royal Products. “As we reach new horizons, our cornerstone principles of exceptional service and family business values will continue to guide every decision.”
Headquartered in Hauppauge, New York, Royal Products is an industry-leading manufacturer and distributor of premium metalworking performance accessories. For over 75 years, manufacturers have trusted Royal Products to optimize machine tool performance, productivity and profitability.
Related Glossary Terms
- backing
backing
1. Flexible portion of a bandsaw blade. 2. Support material behind the cutting edge of a tool. 3. Base material for coated abrasives.
- metalworking
metalworking
Any manufacturing process in which metal is processed or machined such that the workpiece is given a new shape. Broadly defined, the term includes processes such as design and layout, heat-treating, material handling and inspection.
