OGϻƽ̨ Global Precision acquires Niagara Cutter’s milling cutter product line
OGϻƽ̨ Global Precision, a Strength Capital Partners portfolio company that is focused on precision machined components and cutting tools & instruments, today announced the acquisition of Niagara Cutter’s Milling Cutter Product Line (“MCPL”). Under the terms of the purchase and sale agreement OGϻƽ̨ Global Precision has acquired substantially all of the assets of MCPL from Niagara Cutter.
“We are extremely pleased to have acquired the milling cutter product line from Niagara Cutter”, commented Eli Crotzer, OGϻƽ̨ Global Precision President and Chief Executive Officer. “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 OGϻƽ̨ 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 OGϻƽ̨ Global Precision’s Board of Directors, OGϻƽ̨ Global Chairman of the Board, Mark McCammon commented “We are pleased to have taken this first small step towards growing OGϻƽ̨ through acquisition. We expect further activity to occur in the coming years and we appreciate all the fine work that occurred by the OGϻƽ̨ Global team during this process.”