Würth Industry North America (WINA) announced that it has acquired the Louisiana Assets of Techni-Tool Inc.
Würth Industry North America (WINA) announced that it has acquired the Louisiana Assets of Techni-Tool Inc. (formerly MDM Tool and Supply) — a strong brand with 41 years of history supporting the machining, metalworking, and industrial industries.
Techni-Tool supplies premium cutting products, related service, and technical support. The company offers test equipment, tool kits, hand tools, soldering supplies, chemicals, ESD products, and more.
The acquisition fits into Würth Industry’s strategy to provide expert supply-chain solutions of industrial fasteners, safety, and MRO products. It complements Wurth Industry’s strength in the metalworking market from Würth Van Horn, a premier distributor of fabrication products for OEMs.
“Würth Industry has strong growth targets, both organically and through key acquisitions,” said Dan Hill, CEO with Würth Industry North America. “This investment represents an important strategic opportunity to expand our metalworking and fabrication services and offer better supply chain solutions and cost savings for manufacturers across North America.”
The purchase is expected to better serve the needs of Würth Industry’s customers in the metalworking and machining markets and, specifically, in oil, gas, transportation, and logistics industries, deepening its geographic footprint in the gulf region.
The Louisiana Assets of Techni-Tool, together with Würth Van Horn, will provide expanded services to customers across the US, Mexico, Canada, and Brazil.
“Acting on an opportunity to grow during a pandemic shows the financial strength of the Würth Group and our commitment to growing and serving our customers,” added Hill.
“We are excited to partner with Würth because it not only maintains Techni-Tool’s history of outstanding quality and successful partnerships but also enhances available offerings to our customers,” said Zach Tuner, CEO of Techni-Tool. “Customers will continue to receive the same high-quality products and support that they are used to. With the support of a global company, they will have greater resources and inventory expansion.”
Filed Under: Fastener industry news