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2019 News

Competitive Carbide, Inc. acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision machined industrial components and medical implants and instruments has acquired Competitive Carbide, Inc. (“CCI”), located in Mentor, Ohio. CCI is a manufacturer of customized solid carbide drills, end mills, reamers, indexable tools and custom inserts. Additionally, CCI manufactures Polycrystalline Diamond (“PCD”) tipped tools and inserts, which is a new product offering for the ARCH Cutting Tools segment.

“We are very pleased to announce the acquisition of CCI, as this acquisition further broadens ARCH’s cutting tool product offering. Specifically, the transaction expands our offering of custom indexable tooling, coolant through carbide drills, and adds significant experience in PCD tooling capabilities. In addition, CCI brings an experienced and highly technical engineering team that provides quick turnaround custom tooling solutions,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “Adding CCI’s PCD tooling capabilities fills a product gap within our broad product offering, and supports our ongoing strategy of providing a one-stop solution to our customers for all of their cutting tool needs. Separately, in late 2018 CCI took occupancy of a new state-of-art custom facility adjacent to its primary facility. The new facility, along with recent significant capital investments, adds incremental capacity to support the growing needs of our customers and will help facilitate CCI’s next stage of growth,” concluded Mr. Cederstrom.

Tom Cirino, the former owner and continuing President of CCI, commented, “I am excited to announce the sale of Competitive Carbide to ARCH. In choosing an acquirer to sell the company to, it was important to identify a buyer who understood our business, had good cultural alignment and who was committed to the continued growth of CCI. Having stayed in contact with Jeff and the ARCH team over the last several years, I was confident ARCH was the ideal buyer for CCI and its employees.” Mr. Cirino will continue in his current role as President of CCI during the next stage of growth under ARCH’s ownership.


American Tool Service & OrthoGrind acquired by ARCH Global Precision

ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision-machined industrial components, and medical implants and instruments has acquired American Tool Service, Inc. and OrthoGrind, LLC (“ATS” and “OrthoGrind”), with locations in Fort Wayne, Indiana and Indianapolis, Indiana. ATS is a manufacturer of standard and custom carbide end mills, drills and rotary shank cutting tools for the medical, aerospace and general industrial markets. In addition, OrthoGrind provides grinding services for medical instruments, including drills, taps, reamers and extractors. Post close, ATS will become part of ARCH’s Cutting Tools division.

“We are excited to announce the acquisition of ATS, as this acquisition further expands ARCH’s cutting tool product offering. Additionally, ATS brings an experienced and highly technical commercial sales team that places a high degree of emphasis on engineering solutions and design,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “Adding ATS’ Eliminator series of high-performance end mills and design capabilities for custom tooling applications will drive incremental growth for ARCH Cutting Tools. Furthermore, OrthoGrind’s medical instrument grinding services will be leveraged by ARCH’s medical division, ARCH Medical Solutions (“AMS”), to expand the product offering for the AMS customer base,” concluded Mr. Cederstrom.

Todd Gibson, the former owner and continuing President of ATS, commented, “I am pleased to announce the partnership between ATS and ARCH. It was important to identify a partner with a strong presence in the cutting tool industry, and one who shared a similar strategic vision for the business. Given the reputation and market position of ARCH Cutting Tools, I was confident ARCH would be the ideal partner to take ATS to the next level.” Mr. Gibson will continue in his current role as President of ATS during the next stage of growth under ARCH’s ownership.


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