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ARCH Global Precision acquires Niagara Cutter milling line

ARCH Global Precision, Livonia, Mich., a Strength Capital Partners portfolio company focused on precision machined components and cutting tools and instruments, has acquired Niagara Cutter’s milling cutter product line. Under the terms of the purchase and sale agreement ARCH Global Precision has acquired substantially all of the assets of the line from Niagara Cutter.

“We are extremely pleased to have acquired the milling cutter product line from Niagara Cutter”, commented Eli Crotzer, ARCH Global Precision president and CEO. “The MCPL business, with operations based out of Athol, Massachusetts, represents a highly complementary product line to our existing KEO Cutters product offering. While we will integrate the MCPL products into our KEO catalog offering, we expect the Athol operations to continue to operate as a stand-alone manufacturing center. We welcome all of the Athol employees to the ARCH Global family of companies and we look forward to working closely with these colleagues to deliver above market sales growth for all of KEO Cutters.”

On behalf of ARCH Global Precision’s Board of Directors, ARCH Global chairman, Mark McCammon, commented, “We are pleased to have taken this first small step towards growing ARCH through acquisition.  We expect further activity to occur in the coming years and we appreciate all the fine work that occurred by the ARCH Global team during this process.”

Posted Dec. 5, 2012

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