A precision cutting company that uses heat treating in its manufacture of precision cutting tools, precision machined components and medical implants and instruments recently acquired a manufacturer of customized solid carbide drills, end mills, reamers, thread mills, and form tools.
ARCH Global Precision (ARCH), a Jordan Company platform company based in Bloomfield Hills, Michigan, has purchased Siem Tool Company. The Latrobe, Pennsylvania, company will join ARCH’s Cutting Tools division.
“We are excited to announce the acquisition of Siem Tool, as this acquisition further expands ARCH’s custom cutting tool product offering and deepens our bench of in-house technical application engineers who have a long history of successfully working with end-users to develop custom tooling solutions,” said Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “In addition, Siem adds ARCH’s first captive coating center that can be leveraged across the organization, plus Siem’s in-house coating infrastructure can accommodate further expansion in this area. The acquisition of Siem Tool supports our ongoing strategy of creating a market-leading custom tooling provider through the ‘ARCH Specials’ brand and product offering. Furthermore, Siem brings proprietary carbide edge-prep technical application knowledge for further development of ARCH’s high-performance tooling.”
“I am pleased to announce the sale of Siem Tool to ARCH Global Precision,” said John Siemering, the former owner of Siem Tool. “After careful consideration of several potential acquirers of Siem Tool, the decision to sell the business to ARCH became apparently clear based on the strong cultural alignment between our organizations, ARCH’s commitment to support further growth and long history of successfully executing transactions. I am exceedingly confident that Siem will continue to grow and prosper under ARCH’s leadership.”
Main photo credit: ARCH video capture
