6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
"This merger and recapitalization plan is the final phase of restructuring by Simonds," said Ray Martino, president and CEO of Simonds. "The restructuring plan demonstrates the commitment made to our customers, vendors, and employees to focus on delivering new products, improving customer satisfaction, and strengthening the company's financial structure."
Peter Schweinfurth, chairman and interim CEO of International Knife & Saw, said: "We are very excited about this merger and the resulting better utilization of factory capacity, stronger research and development, broader product line, and improved customer service capability."
Simonds Industries Inc., founded in 1832, is a supplier of cutting tools and related products to the wood, pulp, paper, and metal markets. International Knife and Saw is a supplier of industrial knife products and a broad range of saw and knife products for the wood, paper, tissue, metal and packaging markets.