Arch Global Precision Acquires Siem Tool Co.
Siem Tool is a manufacturer of customized solid carbide drills, end mills, reamers, thread mills and form tools. Siem Tool joins Arch’s Cutting Tools division.
Arch Global Precision acquired Siem Tool Company. Siem Tool is a manufacturer of customized solid carbide drills, end mills, reamers, thread mills and form tools. Siem Tool joins Arch’s Cutting Tools division.
“This acquisition further expands Arch’s custom cutting tool product offering and deepens our bench of in-house technical application engineers. 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,” says Jeff Cederstrom, Arch Global Precision Divisional President of Cutting Tools.”
Siem brings proprietary carbide edge-prep technical application knowledge for further development of ARCH’s high-performance tooling.
John Siemering, the former owner of Siem Tool, says the decision to sell the business to Arch became apparently clear based on the strong cultural alignment between the organizations, Arch’s commitment to support further growth and long history of successfully executing transactions.
