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ARCH Cutting Tools, acquired Diversified Precision Products, a company that specializes in custom round tools and work rest blades for the automotive, medical, agricultural, heavy equipment and aerospace industries.
“Diversified Precision Products is a welcome addition to the ARCH family, further bolstering our custom tooling DNA,” Jeff Cederstrom, divisional president of ARCH Cutting Tools, said. “I look forward to offering Diversified Precision Products’ cutting tool design capabilities and responsive domestic manufacturing to ARCH’s growing customer base, particularly in the transportation and aerospace industries.”
“Diversified Precision Products was founded in 1969, and we have dedicated more than five decades [to] earning a strong reputation of producing quality precision tooling and work rest blades for a diverse base of loyal customers,” Steve Lazaroff, owner of Diversified Precision Products, said. “Expanding this 53-year legacy by partnering with another company was a decision that we took seriously. ARCH’s core values and devotion to their employees, customers and the industry align deeply with Diversified Precision Products. Together we will continue to provide custom made-to-print tooling for decades to come.”
Terry Mulreany Subscriptions: 800 708 9373 x130 terry.mulreany@monitordaily.com Susie Angelucci Advertising: 484.459.3016 susie.angelucci@monitordaily.com
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