Walter USA Set to Acquire GWS Tool Group
The partnership will increase Walter’s and GWS’ position in the manufacturing of advanced components and light-weight materials. In addition, GWS’ products will expand the overall offering for Walter in North America.
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Walter USA has signed an agreement to acquire the U.S.-based GWS Tool Group, a manufacturer of solid carbide endmills and drills as well as high-speed steel (HSS) taps and polycrystalline diamond (PCD) products. GWS is focused on highly engineered customized cutting tools for the American market, particularly for the aerospace industry. The acquisition supports Walter’s growth strategy in North America.
This partnership is said to increase Walter’s and GWS’ position in the manufacturing of advanced components and light-weight materials. In addition, GWS’ products will expand the overall offering for Walter in North America.
GWS will continue operating as a standalone entity with its own salesforce and brand. The transaction is expected to close during the fourth quarter of 2021 and is subject to relevant regulatory approvals.
Rick McIntyre, who will remain president of GWS Tool Group, says, “We are excited to pair our North American manufacturing presence and commitment to service with the vast capabilities, resources and expertise of Walter. This is a big win for our customers, who have always been our most important stakeholder.”
GWS Tool Group is a Fla.-based manufacturer of highly engineered custom, standard and modified standard cutting tools. The group has about 500 employees.
Walter, a leader in the metalworking industry based in Waukesha, Wis., offers a wide range of precision tools for milling, turning, drilling and threading applications. The company serves customers in the aviation and aerospace industries, automotive, energy and general industry.
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