Walter Surface Technologies Acquires Greenfield Industries
March 1, 2024
Walter Surface Technologies has announced the acquisition of Greenfield Industries, a USA based manufacturer of branded and private label cutting tools.
"Walter and Greenfield Industries share a strong focus to provide solutions answering the needs and challenges facing industrial end users," said a spokesperson. "With the addition of Greenfield to Walter's portfolio, we can help our customers to be more productive with effective and durable cutting tools solutions for a broad subset of applications."
Marc-André Aubé, CEO of Walter, said, "We are very excited to welcome Greenfield Industries to the Walter family. Greenfield brings to Walter its premium USA-made brands (Cleveland, Chicago-Latrobe, Cle-Line, Greenfield Threading) and its robust manufacturing capabilities and infrastructure that will allow us to continue our mission to help our customers work better. 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 as a primary supplier of tooling and drilling solutions in North America. This transaction is an unequalled 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, said: "We saw in this opportunity the perfect alignment of 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 own respective brands. Activities for customers and suppliers remain unchanged.
For more information contact:
Walter Surface Technologies
810 Day Hill Road
Windsor, CT 06095
860-298-1100
orderdesk.us@walter.com
www.walter.com
Greenfield Industries
2501 Davis Creek Road
Seneca, SC 29678
800-348-2885
greenfield.information@gfii.com
www.gfii.com
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