SGS Tool Acquired by Kyocera
Effective May 2, 2016, SGS Tool will be renamed Kyocera SGS Precision Tools Inc.
SGS Tool Co. (Munroe Falls, Ohio), a manufacturer of solid carbide and stainless steel cutting tools, has reported that it has been acquired by Kyocera Corp. (Kyoto, Japan), a producer of advanced ceramics. SGS Tool and its subsidiaries will be owned by Kyocera under the new name of Kyocera SGS Precision Tools Inc. According to Kyocera, the full acquisition will be effective May 2, 2016.
SGS’s headquarters will remain in Munroe Falls with manufacturing located in Cuyahoga Falls, Ohio, and Columbia City, Indiana, as well as the United Kingdom. All SGS employees, including sales agents, those in manufacturing and distribution, and administrative and executive staff will remain with the company.
“Kyocera’s business model offered many solutions to our business challenges approaching over the next decade,” says Tom Haag, president of SGS Tool. “From basic raw material to research and development solutions, the company is well-positioned for the market challenges and innovations of the next decade and beyond.”
SGS was founded in 1951 and makes solid carbide end mills, drills and stainless steel medical tools with PVD coatings. Most of its business is in the United States, with manufacturing in Wokingham, United Kingdom.
Kyocera combines engineered ceramic materials with metals and supplies cutting tools, industrial ceramics, solar power generating systems and a number of other types of products.