Tyrolit strengthens US-market position with strategic acquisition of Acme Abrasives

In late September 2023, the Tyrolit Group, a renowned global leader in abrasive solutions, successfully completed the acquisition of all the shares of Acme Holding Company. Acme Abrasives, a specialized abrasives manufacturer and supplier headquartered in Michigan, now stands as Tyrolit's seventh manufacturing facility in the United States.

This strategic acquisition marks a significant step forward in expanding Tyrolit's product portfolio, particularly within the steel, foundry, and rail industries. Acme Abrasives is a prominent manufacturer in North America, known for its hot-pressed grinding wheels catering to the precise grinding requirements of the steel and specialty steel sectors. Tyrolit is set to seamlessly integrate Acme's product range into its own portfolio of grinding and specialty abrasive solutions, benefiting its industrial clientele.

CEO Thomas Friess expressed, "We have established a robust global economic foundation that empowers us to pursue our strategic business objectives with confidence. The strategic expansion of our portfolio, especially in vital sectors like steel, foundry, and rail, enhances our operational competitiveness."

A Commitment to Uncompromising Quality

"With the inclusion of Acme Abrasives, our aim is to optimize the advantages our customers derive and further leverage our global presence. Acme has a longstanding commitment to quality and efficiency, aligning perfectly with our core values. We are enthusiastic about the prospect of enhancing our support to partners, offering high-quality products and services tailored to a wide range of specific needs," elaborated Matthias Kuprian, Executive Board Member of Metal Industries.

The Tyrolit Group

Tyrolit stands among the world's foremost manufacturers of grinding and dressing tools, serving as a comprehensive solutions provider for the construction industry. Rooted in the heart of the Austrian Alps, Tyrolit combines the strengths of family-oriented values with a global vision, drawing upon more than a century of individual corporate and technological expertise.

Source:prnewswire.com