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GWS Tool Group has acquired North American Tool Corporation, the second add-on acquisition in 2020 for GWS. Terms of the transaction were not disclosed.
Located in Northern Illinois, North American Tool is a supplier of special taps, dies and gages.
“NATC is an exciting add for us,” said Rick McIntyre, GWS CEO. “Their customer service model is one of the best in the business and their focus in taps and threadmills fits in like a perfect puzzle piece to our dynamic and holistic offering. We are very excited to be continually expanding our value proposition for our customers with highly additive acquisitions like this.”
The team at NATC will continue to operate from the Illinois facility as a manufacturing arm of GWS Tool Group, and the company expresses intent toward continued investment in the facility, machinery and equipment and human resources. Customers of NATC are said to expect continuity of the NATC offering and customer service disposition under cover of the GWS ownership.
In January, GWS announced the acquisition of Intrepid Tool Industries, a Phoenix-based provider of carbide, HSS and PCD cutting tools to the aerospace sector.
GWS Tool Group is a U.S.-based, vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors.