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Simonds International, US Blades Merge to Expand Cutting Tool Capabilities.

M2 EQUITYBITES-September 20, 2018-Simonds International, US Blades Merge to Expand Cutting Tool Capabilities

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19 September 2018 - Massachusetts, US-based cutting tools supplier Simonds International and South Carolina, US-based cutting tool services provider US Blades have merged in a transaction that will create the leading producer and marketer of cutting tools and the leading cutting tool service company in the primary wood fiber industry, the companies said.

The combined entity, Simonds International Inc., will continue to operate in the United States and Canada with 17 facilities located in the major wood fiber regions of North America.

All products and customers segments currently served by Simonds and US Blades will continue uninterrupted during the integration process and thereafter.

US Blades the merging of manufacturing and service together will allow our customers to have the latest technologies.

Simonds International, founded in 1832, is a supplier and marketer of cutting tools and related products to the wood, pulp, paper and tree care industries.

US Blades was founded in 2004 as a cutting tool service company servicing the southeastern United States wood fibre markets.

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Publication:M2 EquityBites (EQB)
Date:Sep 20, 2018
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