Silver Hawk Precision Announces Acquisition of Spiral Carbide Tool Company of Livonia, Michigan
WIXOM, Mich., Sept. 22 -- Silver Hawk Precision, a specialty cutting tool manufacturer headquartered in Wixom, Michigan, announces the acquisition of the assets and technology of Spiral Carbide Tool Company (Spiral Carbide) of Livonia, Michigan. Spiral Carbide is a QS9000TE supplier of specialty carbide and high speed steel cutting tools and has been in business since 1953. Like Silver Hawk Precision, Spiral Carbide is a solutions-oriented, high service supplier with customers in automotive and other markets.
The acquisition provides Silver Hawk with an expanded product range and increased production capacity to serve a growing customer base.
Mr. Leo Charpentier, president of Silver Hawk Precision, comments, "Our current strengths in carbide, PCD and CBN, flat and round tools are further complemented by Spiral Carbide's proficiency in high speed steel (HSS) and carbide specialty tooling, and milling cutters."
Mr. Peter Pasienza, owner of Spiral Carbide, adds, "We are excited to become part of the Silver Hawk family. We will now be able to increase our product offering and service to our many loyal customers. Together, our companies are better positioned to pursue market opportunities."
Both companies are focused on problem-solving and identifying cost-savings solutions for customers.
In June 2004, Silver Hawk Precision announced its name change, as the result of the merger of three Detroit-area companies: Carb-R-All, Dia-Tool Corporation and PCD of America. Spiral Carbide will continue to service current and new customer needs from its Livonia location, with plans to move operations to Silver Hawk Precision later in the year.
For more company information, visit: http://www.silverhawkprecision.com/ . About Silver Hawk Precision
Silver Hawk Precision is a specialty tooling manufacturer servicing automotive and other manufacturing customers, and provides a broad range of metalcutting products and services. The company sells through a direct sales force and key distributors in the United States, Canada and Mexico. Silver Hawk Precision is ISO 9001: 2000 certified. The company is privately-held and has more than 50 employees. PrecisionVision(TM) and PrecisionVision for Specialty Tooling(TM) have been filed for trademark. http://www.silverhawkprecision.com/