GWS Tool Group recently announced the acquisition of Taurus Tool & Engineering. This is GWS’ first acquisition in 2021, following three previous ones in 2020.
Taurus Tool & Engineering has been designing and building tooling, fixtures, gauges, and special machinery for various industries since 1972.
Taurus Tool supports the aerospace, automotive, heavy equipment, and hydraulic industry with specialty tools and cutting equipment. The company’s product capability includes complex HSS and carbide step tools, specifically for aerospace and automotive applications, custom thread-on modular tooling, and combination tools for the elimination of multi-tool operations.
Taurus Tool also completely re-built its 25,000 sq/ft facility, which is outfitted with the latest CNC grinding and inspection equipment in the market. Problem resolution at the spindle has been instrumental in the company’s growth.
With the addition of Taurus, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance tools in the marketplace today.
“Taurus Tool & Engineering is an obvious match and fit for our organization,” said Rick McIntyre, GWS’ CEO. “On the carbide side, they bring a host of complimentary skill sets to our organization, while bolting on new capability in the areas of high speed tools and custom, modular tooling technology know-how. Previously, GWS has had to bypass certain niches like HSS tooling, and now we can offer our customers and partners in distribution another reason to consolidate with GWS.”
Filed Under: Fastener industry news, Tools for fastening