ARCH Cutting Tools Makes Acquisition in Cincinnati - Modern Distribution Management

Log In

ARCH Cutting Tools Makes Acquisition in Cincinnati

ARCH Cutting Tools has acquired Cincinnati-based Custom Carbide Cutter Inc.
Screen Shot 2023-02-06 at 2.53.31 PM
Author
Date

Bloomfield Hills, Michigan-based ARCH Cutting Tools Corp. announced Jan. 30 its acquisition of Custom Carbide Cutter Inc. (CCCI), a manufacturer of cutting tools in Cincinnati, Ohio. Financial details of the transaction were not disclosed.

MDM’s M&A Virtual Summit, to be held Feb. 22-23, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

Founded in 1983, CCCI manufactures cutting tools used in the automotive and aerospace industries, as well as at shipyards and medical facilities. CCCI will complement ARCH’s offerings, ARCH Cutting Tools divisional president Jeff Cederstrom said in a news release. ARCH Cutting Tools, a subsidiary of ARCH Global Precision, serves the medical, aerospace, defense, automotive, energy, agriculture and general industrial markets.

“We are excited to offer these additional domestic manufacturing capabilities to the growing ARCH customer base, especially the micro tool application expertise, as this is a rapidly expanding segment of the industry,” Cederstrom said.

“The acquisition by ARCH Cutting Tools will help us keep pace with this ever-changing industry,” CCCI president Steve Long said in the release. “It will give us access to additional support and guidance for our highly-skilled employees and help us continue developing our manufacturing processes.”

“We hope to become part of a bigger family, and to give our employees access to additional resources that will help them excel,” CCCI vice president Dena Long said in the release.

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.