Tavares, Florida-based GWS Tool Group has acquired Carbide Tools Mfg. Inc. (CTMI). The acquisition adds capability and capacity in custom round tools for GWS and further expands the GWS manufacturing footprint in the upper-Midwest region of the United States.
Located in Menomonee Falls, Wisconsin, CTMI provides high-quality special carbide round tools – from porting tools and reamers to complex form tools and custom end mills – supported by state-of-the-art grinding equipment, in-house PVD coating technology, a long-tenured team committed to excellence, and exceptional customer service.
Started in 1992 by President Wayne Riekkoff, Carbide Tools began servicing the greater Milwaukee area manufacturing industries with special carbide round tooling. With a loyal customer following and a consistent commitment to new equipment and technology, CTMI soon expanded their products and services nationwide.
“CTMI has a tremendous reputation for service and ingenuity,” said Rick McIntyre, GWS’ CEO. “Their experience with round tools and commitment to quality perfectly mirrors that of the GWS organization and will further enhance our capacity to support the round tool segment of our business,” McIntyre continued.
“I am very excited for Carbide Tools Manufacturing Inc. to be joining GWS Tool Group,” Riekkoff said. “The skill sets of our business could not align more closely with that of GWS. Being able to plug our facility into the GWS engine will undoubtedly increase customer exposure and fuel future growth for years to come.”
GWS Tool Group has acquired multiple businesses during its growth that now serve as the respective manufacturing divisions for the company.