Walter Surface Technologies has acquired Greenfield Industries, a US-based manufacturer of branded and private label cutting tools.
Walter and Greenfield Industries share a strong focus on providing solutions and answering the needs and challenges facing industrial end-users. With the addition of Greenfield to Walter’s portfolio, the company said it can help its customers to be more productive with effective and durable cutting tool solutions for a broad subset of applications.
“We are very excited to welcome Greenfield Industries to the Walter family," said Marc-André Aubé, CEO of Walter.
Greenfield brings to Walter its premium USA-made brands including Cleveland, Chicago-Latrobe, Cle-Line, Greenfield Threading, and its robust manufacturing capabilities and infrastructure.
"Walter is always looking to provide solutions that answer the needs and challenges facing end-users in the metalworking industry. Now, with this acquisition, Walter is a primary supplier of tooling and drilling solutions in North America,” said Aubé. “This transaction is an unequaled opportunity to position Walter as a primary supplier of tooling and drilling solutions in North America as we continue to evaluate other growth strategies, namely through accretive acquisitions.”
Ty Taylor, president of Greenfield Industries, welcomed the new relationship: “We saw in this opportunity the perfect alignment of both products and values. We are proud to see Greenfield adding its tooling and drilling solutions to Walter’s renowned and robust offering. We are confident this is a strong pathway to growth.”
Following this transaction, Greenfield Industries will continue to operate under its respective brands. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.
Related Glossary Terms
- 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.
- sawing machine ( saw)
sawing machine ( saw)
Machine designed to use a serrated-tooth blade to cut metal or other material. Comes in a wide variety of styles but takes one of four basic forms: hacksaw (a simple, rugged machine that uses a reciprocating motion to part metal or other material); cold or circular saw (powers a circular blade that cuts structural materials); bandsaw (runs an endless band; the two basic types are cutoff and contour band machines, which cut intricate contours and shapes); and abrasive cutoff saw (similar in appearance to the cold saw, but uses an abrasive disc that rotates at high speeds rather than a blade with serrated teeth).
- threading
threading
Process of both external (e.g., thread milling) and internal (e.g., tapping, thread milling) cutting, turning and rolling of threads into particular material. Standardized specifications are available to determine the desired results of the threading process. Numerous thread-series designations are written for specific applications. Threading often is performed on a lathe. Specifications such as thread height are critical in determining the strength of the threads. The material used is taken into consideration in determining the expected results of any particular application for that threaded piece. In external threading, a calculated depth is required as well as a particular angle to the cut. To perform internal threading, the exact diameter to bore the hole is critical before threading. The threads are distinguished from one another by the amount of tolerance and/or allowance that is specified. See turning.
