Walter has reached an agreement to acquire the Melin Tool Co., a privately owned, Cleveland-based company and manufacturer of solid-carbide and HSS end mills, drills and countersinks. Melin is a growing company, supported by innovations in the solid-carbide endmill product family making the acquisition a strategic fit to increase Walter’s milling business in North America.
The U.S. is a key market for Walter and the acquisition strengthens the company’s round tool offering, especially in the aerospace industry and with the channel partner market. The acquisition gives Walter customers access to advanced cutting tool solutions and responsive support. A stronger presence in the U.S. allows Walter to grow its product line with local market requirements and to improve market support with customized tooling solutions.
“The acquisition is aligned with our focus on expanding our milling business in round tools and reconditioning capabilities close to customers in the American market,” said Richard Harris, president of Walter. “I am very pleased that we have reached an agreement to acquire Melin Tool Co. as it increases our market presence and has a strong innovation focus and high service level that is aligned with Walter’s approach to doing business.”
Michael Wochna will remain as president of Melin Tool.
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Walter acquires Melin Tool Company…2/
Melin Tool Company is a provider of high-quality round tools. The company’s offer is focused in solid carbide end mills, drills and countersinks to the aerospace and medical industries. Its headquarters is located in Cleveland, OH, with an additional warehouse in California. The company has approximately 100 employees.
Related Glossary Terms
- endmill
endmill
Milling cutter held by its shank that cuts on its periphery and, if so configured, on its free end. Takes a variety of shapes (single- and double-end, roughing, ballnose and cup-end) and sizes (stub, medium, long and extra-long). Also comes with differing numbers of flutes.
- gang cutting ( milling)
gang cutting ( milling)
Machining with several cutters mounted on a single arbor, generally for simultaneous cutting.
- high-speed steels ( HSS)
high-speed steels ( HSS)
Available in two major types: tungsten high-speed steels (designated by letter T having tungsten as the principal alloying element) and molybdenum high-speed steels (designated by letter M having molybdenum as the principal alloying element). The type T high-speed steels containing cobalt have higher wear resistance and greater red (hot) hardness, withstanding cutting temperature up to 1,100º F (590º C). The type T steels are used to fabricate metalcutting tools (milling cutters, drills, reamers and taps), woodworking tools, various types of punches and dies, ball and roller bearings. The type M steels are used for cutting tools and various types of dies.
- milling
milling
Machining operation in which metal or other material is removed by applying power to a rotating cutter. In vertical milling, the cutting tool is mounted vertically on the spindle. In horizontal milling, the cutting tool is mounted horizontally, either directly on the spindle or on an arbor. Horizontal milling is further broken down into conventional milling, where the cutter rotates opposite the direction of feed, or “up” into the workpiece; and climb milling, where the cutter rotates in the direction of feed, or “down” into the workpiece. Milling operations include plane or surface milling, endmilling, facemilling, angle milling, form milling and profiling.
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