Acme is a specialized abrasives manufacturer and provider based in Michigan, and is now Tyrolit’s 7th manufacturing plant in the U.S.
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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Mark Powell
Mark Powell is MDM’s Associate Editor. He is a former mainstream news reporter and editor and has worked in the online, print, radio and TV news industries. Mark earned a bachelor’s degree from San Jose State University and a master’s degree from California State University, Bakersfield. He has lived and worked in various cities across California, Colorado and Kansas and currently lives in Shafter, California.
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