ARCH Cutting Tools Acquires Diversified Precision Products
May 23, 2022
ARCH Cutting Tools Corp., part of ARCH Global Holdings LLC, has acquired Diversified Precision Products, Inc., a Spring Arbor, Michigan-based maker of custom round carbide cutting tools and centerless grinder work rest blades. The acquisition expands ARCH’s custom tooling capabilities and domestic manufacturing capacity to better serve automotive, aerospace, medical and industrial customers. Steve Lazaroff, owner of Diversified Precision Products, will transition the business into the ARCH Cutting Tools platform.
- Buyers
- ARCH Cutting Tools Corp. (ARCH Global Holdings LLC)
- Targets
- Diversified Precision Products, Inc.
- Sellers
- Steve Lazaroff
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
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