Star Cutter Announces Acquisition of Northern Tool Sales & Service
April 17, 2006—Star Cutter Co. announced the acquisition by stock
purchase of Northern Tool Sales & Service (NTSS), Warren, MI, effective October 31.
Northern Tool Sales & Service is a design and build manufacturer of tooling concepts for special drills, reamers, step drills, form tools and solid carbide tooling to approximately 170 customers in the competitive ABS systems, cylinder
head, and engine block manufacturing industries.
Star Cutter Co. manufactures gear hobbing and shaping cutting tools, milling cutters, gundrills and reamers, carbide tools, PCD tools, and drills and sells through its go-to-market partner, Star SU LLC. Star Cutter plans to integrate all NTSS
customers with Star Cutter and Star SU.
Brad Lawton, president of Star Cutter, says, "This acquisition is synergistic, as
well as complementary, to our market strategy for tool sales worldwide."
Chris Schulte, president of Northern Tool Sales & Service, stated "The sale to Star Cutter increases our ability to utilize the best technology of both corporations to increase our market penetration and service to our existing and potential customer base through Star SU."