WALTER Strengthens Global Presence with Acquisition of Greenfield Industries
WALTER Surface Technologies Inc, in its quest to become a global leader for productivity and safety solutions in the metalworking industry, recently announced the acquisition of Greenfield Industries Inc, a USA-based leading manufacturer of branded and private label cutting tools.
WALTER and Greenfield Industries share a strong focus on providing solutions that answer the needs and challenges facing industrial end-users. With the addition of Greenfield to WALTER’s portfolio, the company can help its customers be more productive with effective and durable cutting tools solutions for a broad subset of applications. Following this transaction, Greenfield Industries will continue to operate under their own respective brands. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.
Excited to welcome Greenfield Industries to the WALTER family, Marc-André Aubé, CEO, WALTER, stated, “Greenfield brings to WALTER its premium USA-made brands (Cleveland, Chicago-Latrobe, Cle-Line, and 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 is a primary supplier of tooling and drilling solutions in North America.” He further added, “This transaction is an unequaled 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.”
Similarly, welcoming the new relationship, Ty Taylor, President, Greenfield Industries, commented, “We saw in this opportunity the perfect alignment of both 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.”
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