Simonds International Announces Merger With US Blades
FITCHBURG, Mass.--(BUSINESS WIRE)--Sep 18, 2018--Today, Simonds International and US Blades announced the merger of the companies, in a transaction that will create the leading producer and marketer of cutting tools and the leading cutting tool service company in the primary wood fiber industry. The combined entity, Simonds International Inc., will continue to operate in the United States and Canada with 17 facilities located in the major wood fiber regions of North America. All products and customers segments currently served by Simonds and US Blades will continue uninterrupted during the integration process and thereafter.
Ray Martino, President and Chief Executive Officer of Simonds, said: “This merger will combine two of the leading companies in our industry with a deep history of product innovation, quality products and customer focused organizations providing value added services to our customers. The cultures of the two companies are similar and will strengthen our service to the industry. The Simonds and US Blades brands are prominent in the industry and will remain a core part of the combined company in the future.”
John Tyner, President & CEO of US Blades, said: “Over the last 14 years, US Blades has become the largest service provider in the industry and with the Simonds merger we will now have the infrastructure to reach our goal of “total customer commitment”. The merging of manufacturing and service together will allow our customers to have the latest technologies.”
About Simonds International Simonds International, founded in 1832, is a leading supplier and marketer of cutting tools and related products to the wood, pulp, paper and tree care industries. For more information, call (800) 426-6226 or visit www.simondsint.com.
About US Blades US Blades was founded in 2004 as a cutting tool service company servicing the southeastern United States wood fiber markets. Since its founding, the company has expanded to cover the entire eastern U.S. market. For more information, visit our website www.usblades.net.
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CONTACT: Simonds International
President & CEO
KEYWORD: UNITED STATES NORTH AMERICA CANADA MASSACHUSETTS
INDUSTRY KEYWORD: MANUFACTURING STEEL OTHER MANUFACTURING NATURAL RESOURCES FOREST PRODUCTS
SOURCE: Simonds International
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PUB: 09/18/2018 01:30 PM/DISC: 09/18/2018 01:30 PM