News and events for ARCH Precision Manufacturing

“We are excited to announce the acquisition of Ultra-Dex, as this acquisition significantly broadens our capabilities in the industrial cutting tool space,” commented Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “Specifically, the transaction provides us with capabilities in indexable boring, milling and drilling, which did not exist as part of ARCH Global prior to this acquisition. In addition, there is significant customer overlap between Ultra-Dex and our existing cutting tool businesses, thus allowing ARCH Global to continue to leverage customer relationships across the enterprise. We intend to continue manufacturing all of the Ultra-Dex products in Flushing, Michigan, and we see tremendous potential for Ultra-Dex to become a growth engine within the broader ARCH Global Precision platform.”

Mark Birchmeier, the former owner of Ultra-Dex, who will continue on in his role as President of the company for a transitional period, commented “we are pleased to announce the sale of Ultra-Dex Tooling Systems, Ultra-Dex USA and Beamer Laser Marking Systems to ARCH Global Precision. In choosing an acquirer to sell the companies to, it was important for Sharon and I to find a group that understood our business and was committed to maintaining the business here in Flushing. Based on the positive interactions that we experienced throughout the sale process, we found ARCH Global Precision to be the ideal buyer for Ultra-Dex.”

“We are extremely pleased that KEO and Richards are now part of the AD organization,” commented Tom Hensel, Director of Sales and Marketing for the Cutting Tools segment within ARCH. “My past dealings with AD have always been positive and we believe this is a win-win partnership for all of the parties involved.”

“AD has an extraordinary reputation in the marketplace for bringing tremendous value to both their member distributors and their supply partners,” added Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “In addition, the AD member distributors are among the most successful independent distribution companies in the industry. We look forward to a long and mutually beneficial relationship with AD and all of the member distribution companies that are part of this great organization.”

“We are very pleased to announce the acquisition of Voisard, as this acquisition supports our ongoing strategy of broadening our capabilities in the industrial cutting tool space,” commented Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “Voisard represents our biggest acquisition to date in the world of carbide cutting tools and further provides ARCH with a line of high performance end mills and drills to leverage across our existing distribution base. We intend to continue manufacturing all of the Voisard products in Russia, Ohio, where the Company has been located for over fifty years. I have known Gene and Pam Voisard for over ten years and they have always been wonderful to deal with. After spending the better portion of their lives building up a great business, I wish them both well in retirement and I thank them for providing ARCH with the opportunity to help Voisard grow to the next level”, concluded Mr. Crotzer.

Gene Voisard, the former owner and President of Voisard, commented “we are pleased to announce the sale of Voisard Tool to ARCH Global Precision. In choosing an acquirer to sell the company to, it was important for Pam and I to identify a buyer that was committed to maintaining the culture that exists today at Voisard, including the fair and honest treatment of all of our valued employees. Having stayed in contact with Eli for the last ten years, it was an easy decision for the two of us to choose ARCH Global Precision as the best option for Voisard Tool going forward.”

“We are very pleased to announce the acquisition of Professional Machine. This acquisition represents the first “bolt on” acquisition for our Precision Components segment and supports our strategy to diversify the end markets we serve,” commented Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “Promach is perfectly reflective of the type of acquisitions that we want to pursue in our Precision Components segment. Joe and Sherri have built a business around tackling very difficult applications that most machine shops would shy away from. It is the challenging nature of the jobs that they produce which provides sustaining value for their customers. We intend to continue manufacturing all of the Promach products in Bellingham, Massachusetts, and we intend to partner with Joe and his management team to accelerate growth in the business, both through organic opportunities and complementary acquisitions,” concluded Mr. Crotzer.

Joe Kauker, President of Promach, commented “we are pleased to announce the sale of Professional Machine to ARCH Global Precision. In choosing an acquirer to sell the company to, it was important for us to identify a buyer that was committed to the continued growth of Professional Machine. Given the track record and reputation of ARCH Global Precision, we are confident that ARCH is an ideal partner to help take Promach to the next level.” Mr. Kauker will continue on with the company in his current role as President to ensure the successful integration and growth of the business under ARCH’s ownership.

“We are extremely pleased to have acquired JASCO from the previous ownership group,” commented Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “JASCO provides ARCH with both expanded capabilities for our Cutting Tools segment and new capabilities and end markets for our Precision Components segment. We expect that with the broad reach of the ARCH network, we will be able to drive accelerated growth into the JASCO facilities for many years to come.”

“Aside from being my personal friends for many years, Gene Baldino and Diane Simon have been instrumental in driving the long term success of the JASCO businesses and we are pleased that they reached out to ARCH Global Precision when considering a sale of their business,” concluded Mr. Crotzer. Gene Baldino and Diane Simon have graciously agreed to stay on in their current leadership roles for a period of time after today’s closing of the transaction to support with all transitional issues.

“We are pleased to announce the sale of JASCO and Little Rock Tool to ARCH Global Precision” commented Mr. Baldino, Chief Executive Officer of JASCO. Mr. Baldino further commented, “Having known Eli and the ARCH organization for several years, it was an easy decision for the JASCO ownership group to sell the business to ARCH Global Precision. We have great confidence that JASCO will continue to flourish under ARCH’s ownership and we are committed to the successful transition of the business from the prior ownership group to the new ARCH ownership.”