GWS Tool Group Announces Acquisition of STF Precision (STF) 

The acquisition of STF Precision enhances the GWS product portfolio and capabilities in the area of PCD and CBN solutions and further expands the GWS manufacturing presence into the Carolinas. 

 

Tavares, FL October 20, 2020 – GWS Tool Group is pleased to announce it has acquired STF Precision.  STF is the third add-on acquisition in 2020 for GWS. 

Located near Asheville, North Carolina STF is a leading manufacturer of precision cutting tools, primarily in the categories of polycrystalline diamond tools (PCD), single-crystal diamond tools (SCD), and Cubic Boron Nitride (CBN). The company’s product capability portfolio includes brazed PCD-rotary tools for non-ferrous materials, PCD 8-facet drills for aerospace composites, PCD grooving inserts for automotive applications, and multi-stepped brazed PCD monoblock tools.

STF Precision in Arden, North Carolina

The company has the equipment and experience to design, manufacture and regrind tooling for a wide variety of applications, including boring, grooving, turning, and profiling difficult-to-machine materials such as high-silicon aluminum, composites, carbon fiber, and plastics. With the addition of STF, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace today. 

“STF is an ideal fit for our organization,” said Rick McIntyre, GWS’ CEO. “The experience and know-how of the team that we are bolting on, combined with their proprietary manufacturing processes that they have developed over time, will create immense value for GWS customers. Rotary PCD tooling has been a limited category for GWS for some time, and this fills some of those gaps perfectly” McIntyre continued.

“I am very excited for STF Precision to be joining GWS Tool Group,” said Jason Ford, co-owner and President of STF Precision.  “We have accomplished a lot at STF, feel strongly about our ability to produce some of the most precise and capable products in the industry, and are incredibly excited about the GWS engine being able to expand our reach.”

Jason Ford will continue with the GWS team as the General Manager for the North Carolina manufacturing operations and co-owner and vice president, David Novak, will be joining the GWS leadership team as Director of Systems and Integration.

The continued expansion of GWS by way of acquisitions and constant investment in world-class technology, equipment and most importantly, people, has created an unmatched value proposition for customers operating in advanced machining environments, especially in the area of custom tooling. 

About GWS Tool Group

GWS Tool Group is a US-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. GWS Tool Group has acquired multiple businesses in the course of its growth which now serves as the respective manufacturing divisions for the Company. 

For more information, please visit www.GWSToolGroup.com or contact Drew Strauchen, EVP of Marketing & Business Development for GWS Tool Group, at drew@gwstoolgroup.com or 877.497.8665.

PCD Monoblock Tools
PCD Round Tools

In other news…

GWS Tool Group Announces Acquisition of North American Tool Corporation

The acquisition of North American Tool Corporation extends custom product capability into the threading space, a new offering for GWS that adds a powerful dimension to the already robust product and service portfolio.

 

Tavares, FL February 4th, 2020 – GWS Tool Group is pleased to announce it has acquired North American Tool Corporation (NATC).  They represent the second add-on acquisition in 2020 for GWS.

Located in Northern Illinois, North American Tool is a world-class supplier of special taps, dies, and gages. From solid carbide thread mills to high-speed steel taps and thread gages, North American Tool delivers high-quality specialized threading tools purpose-built for applications across multiple industries, including automotive, aerospace, medical and general engineering. With the addition of NATC, GWS further strengthens its reputation as the premier multi-disciplinary manufacturer of high-performance custom cutting tools in the marketplace today.

“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. ” McIntyre continued.

“North American Tool is very excited to be joining GWS Tool Group, a company that embodies the attributes that have long made us successful,” said Curt Lansbery, NATC President & CEO. “A customer-centric approach to business rooted in a commitment to quality and quick delivery marry perfectly with our model here at North American Tool. We have no doubt that this move to join GWS will be positive for our associates and will ensure the continued growth of the legacy that we have worked to develop.”

 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.

About GWS Tool Group

GWS Tool Group is a US-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. GWS Tool Group has acquired multiple businesses in the course of its growth which now serves as the respective manufacturing divisions for the Company.

For more information, please visit www.GWSToolGroup.com or contact Drew Strauchen, EVP of Marketing & Business Development for GWS Tool Group, at drew@gwstoolgroup.com or 877.497.8665.