Bloomfield Hills, Michigan, June 21, 2019. ARCH Global Precision (“ARCH”), a Jordan Company platform company that is focused on manufacturing precision cutting tools, precision machined components and medical implants and instruments, has acquired Siem Tool Company (“Siem” or “Siem Tool”), located in Latrobe, Pennsylvania. Siem Tool is a manufacturer of customized solid carbide drills, end mills, reamers, thread mills and form tools. Siem Tool 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. 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,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “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,” added Mr. Cederstrom.
John Siemering, the former owner of Siem Tool, commented, “I am pleased to announce the sale of Siem Tool to ARCH Global Precision. 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.”
For more information, contact:
Marketing & Business Development Manager