Arch Global Precision Acquires Siem Tool Co.
The acquisition adds both carbide tool manufacturing knowhow to Arch’s Cutting Tools division as well as coating capabilities.
Cutting tool manufacturer Arch Global Precision has acquired Siem Tool Co., located in Latrobe, Pennsylvania, as part of its Cutting Tools division. Siem Tool is a manufacturer of customized solid carbide drills, end mills, reamers, thread mills and form tools.
“This acquisition further expands Arch’s custom cutting tool product offering and deepens our bench of in-house technical application engineers who have a long history of successfully working with end users to develop custom tooling solutions,” says Jeff Cederstrom, president of cutting tools for Arch. “In addition, Siem adds Arch’s first captive coating center that can now be leveraged across the organization.” Mr. Cederstrom adds that Siem’s proprietary carbide edge prep application knowledge will aid in development of high-performance tooling.
John Siemering, the former owner of Siem Tool, says, “After careful consideration of several potential acquirers of Siem Tool, the decision to sell the business to Arch became apparently clear based on the strong cultural alignment between our organizations, Arch’s commitment to support further growth and its long history of successfully executing transactions.”
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