Grinding and dressing tools manufacturer Tyrolit Group announced that it has acquired all of the stock of Acme Holding Company, according to an Oct. 6 news release. Financial details were not disclosed.
The deal includes Acme Abrasives, a specialized abrasives manufacturer and provider based in Michigan. The company will be Tyrolit’s seventh manufacturing plant in the U.S.
Tyrolit said the acquisition is a strategic move that will “further expand the product portfolio for the steel and foundry as well as the rail industry. ” Tyrolit added that it will integrate Acme wheels in its portfolio of grinding and specialty abrasive solutions for industrial clients.
“We have built a successful global economic base that allows us to further pursue our strategic direction of business activities,” Tyrolit CEO Thomas Friess said. “The further expansion of our portfolio — especially for crucial industries like steel, foundry and rail — strengthens our operational competitiveness.”
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