Arch Global Precision Acquires Competitive Carbide Inc.
CCI is known for its customized milling tools, including PCD-tipped tools. The latter will become a new offering for Arch.
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Arch Global Precision 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 PCD-tipped tools and inserts, making it a new offering for the Arch Cutting Tools segment.
“The transaction expands our offering of custom indexable tooling and 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,” says Jeff Cederstrom, Arch Global Precision divisional president for 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.” He goes on, “In late 2018 CCI took occupancy of a new state-of-the-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.”
Tom Cirino, the former owner and continuing president of CCI, says, “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 during the next stage of growth under Arch’s ownership.Related Content
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