The 2020 Mid-Year Economic Update_long

Simonds International Sells Industrial Knife Business

Simonds International, Florence, SC, manufacturer of cutting tools, has reached an agreement to sell its industrial knife business to IKS-ACM of Florence, SC. The announcement was made by Ray Martino, president of Simonds International.

The sale, anticipated to be in July 2006, consists of several Simonds industrial knife product lines which had previously been sold under the International Knife & Saw brand, including tissue, metal shears and slitters, print knives, paper converting and other selected specialty lines. These lines will continue to be manufactured at the Florence, SC, plant, which is included in the sale of the business.

IKS-ACM will be led by a senior management group of four former Simonds International executives, who collectively have more than 85 years of experience with Simonds and International Knife and Saw. The sale is part of Simonds’ broader restructuring plan announced earlier this year, and during the transition period, there will be no interruption in service to any customers of Simonds or IKS-ACM.

IKS-ACM produces industrial machine knives and saws, supplying more than 60,000 types of knives and saws to a variety of industries with diversified products for almost any cutting application.

About the Author
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.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 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


articles left

Want more Premium content from MDM?

Subscribe today and get:

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



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
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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