Würth Industry North America (WINA) has announced its acquisition of the Louisiana Assets of Techni-Tool Inc. (formerly MDM Tool and Supply), a strong brand with 41 years of history supporting the machining, metalworking, and industrial industries by supplying premium cutting products, superior service, and technical support.
The purchase will better serve the needs of the company's customers in the metalworking and machining markets, specifically in oil, gas, transportation, and logistics industries and will deepen their geographic footprint in the gulf region
Dan Hill, Chief Executive Officer for Würth Industry North America said: "Würth Industry has strong growth targets, both organically and through key acquisitions. This investment represents an important strategic opportunity to expand our metalworking and fabrication services and offer better supply chain solutions and cost savings for manufacturers across North America"
"Acting on an opportunity to grow during a pandemic shows the financial strength of the Würth Group and our commitment to growing and serving our customers"
This acquisition fits into the company's strategy to provide expert supply chain solutions of industrial fasteners, safety, and MRO products and complements Wurth Industry's strength in the metalworking market from Würth Van Horn, the premier distributor of fabrication products for OEMs. The Louisiana Assets of Techni-Tool, together with Würth Van Horn, will provide expanded services to customers across the US, Mexico, Canada, and Brazil.
"TTI adds to our capacity and geographic presence to better service our customers, said Eric Wilk, Vice President, East Region, Würth Industry North America. "We look forward to this partnership and servicing the TTI customers in Louisiana in a greater capacity in the future. We are here to support and grow their business" Hill added.
Zach Tuner, CEO of Techni-Tool said: “We are excited to partner with Würth because it not only maintains Techni-Tool's history of outstanding quality and successful partnerships but also enhances available offerings to our customers. Customers will continue to receive the same high-quality products and support that they are used to. With the support of a global company, they will have greater resources and inventory expansion. The acquisition is the best choice for both our customers and employees, as joining the Würth family will equate to business growth".