The Tyrolit Group has acquired all of the stock of Acme Abrasives, a specialized abrasives manufacturer and provider based in Michigan, which is now Tyrolit's seventh manufacturing plant in the U.S.

According to Tyrolit, the 2023 acquisition will further expand the company's product portfolio for the steel and foundry, as well as the rail industry. Tyrolit plans to integrate Acme wheels into its portfolio of grinding and specialty abrasive solutions for industrial clients.

CEO Thomas Friess said "We have built a successful global economic base that allows us to further pursue our strategic direction of business activities. The further expansion of our portfolio – especially for crucial industries like steel, foundry and rail – strengthens our operational competitiveness."