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ARCH Global Precision Announces the Acquisition of Siem Tool Company

Bloomfield Hills, Michigan, June 21, 2019. ARCH Global Precision (“ARCH”), a Jordan Company platform company that is focused on manufacturing precision cutting tools, precision machined components and medical implants and instruments, has acquired Siem Tool Company (“Siem” or “Siem Tool”), located in Latrobe, Pennsylvania. Siem Tool is a manufacturer of customized solid carbide drills, end mills, reamers, thread mills and form tools. Siem Tool will join ARCH’s Cutting Tools division.

“We are excited to announce the acquisition of Siem Tool, as this acquisition further expands ARCH’s custom cutting tool product offering and deepens our bench of in-house technical application engineers who have a long history of successfully working with end users to develop custom tooling solutions. 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,” commented Jeff Cederstrom, ARCH Global Precision Divisional President of Cutting Tools. “The acquisition of Siem Tool supports our ongoing strategy of creating a market leading custom tooling provider through the “ARCH Specials” brand and product offering. Furthermore, Siem brings proprietary carbide edge-prep technical application knowledge for further development of ARCH’s high-performance tooling,” added Mr. Cederstrom.

John Siemering, the former owner of Siem Tool, commented, “I am pleased to announce the sale of Siem Tool to ARCH Global Precision. After careful consideration of several potential acquirers of Siem Tool, the decision to sell the business to ARCH became apparently clear based on the strong cultural alignment between our organizations, ARCH’s commitment to support further growth and long history of successfully executing transactions. I am exceedingly confident that Siem will continue to grow and prosper under ARCH’s leadership.”

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

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ARCH Cutting Tools Focuses on Education Partnership to Solve the Talent Shortage, and Hunts for the ‘Purple Squirrel’

ARCH Cutting Tools is facing the same talent shortage as the cutting tool industry overall, but the company is meeting the challenge with an aggressive workforce development strategy aimed at millennials & gen z. In partnership with Delta College, ARCH Cutting Tools hosted an Introduction to Machine Tools Forum at its Flushing, Michigan facility on June 6, for five students interested in careers as machinists.

ARCH Cutting Tools is building an organization-wide structured training/apprenticeship program, based on practices that have been in operation for years. The pilot program in Flushing will be duplicated at other ARCH Cutting Tools facilities in other communities throughout the U.S. in the coming months.

Jeff Cederstrom, President – ARCH Cutting Tools, a Delta College alumnus opened the event with a brief introduction of the company and its products.
“To build tomorrow’s workforce, you have to be willing to provide the solution to today’s talent shortage,” he said, explaining the ARCH Cutting Tools commitment to training and education.

The Flushing facility is home to Ultra-Dex, an ARCH Cutting Tools business unit and Beamer Laser Marking Systems; presenting the participating students with information on career paths in precision machining.

The Ultra-Dex portion of the forum was hosted by Gregg Bishop, General Manager – Ultra-Dex. Bishop explained the various skills and disciplines that are critical in today’s machining environment including familiarity with manual Bridgeport machine operation to develop foundational industry skills up to and including programming CNC machines.

The Beamer Laser Marking System portion of the forum, hosted by Allen Warren, Engineering Manager – Beamer Laser Systems, provided perspective on the manufacturing of fiber laser marking machines for a variety of industries. Focusing on the product offerings of standard, engineered and inline machines, Warren provided details on engineered solutions. Bishop joined the conversation with details of how the laser marking systems provide enhancements to manufacturing operations that improve through-put and productivity.

Throughout the forum, the Delta students were provided demonstrations and hands-on experiences, as well as opportunities to put direct questions to the industry experts.

So, what is ARCH Cutting Tools looking for? Ultimately – the “Purple Squirrel.” That is, the ideal young machinist with natural ability, an eagerness to learn and improve, and an eye on the future of the industry. Reflecting the need of such qualified candidates, the participating students also learned that compensation continues to increase for machinists who demonstrate the necessary adaptability and skill development.

Throughout the forum, Cederstrom and Terry Morse, Associate Professor – Business and Technology at Delta College, who accompanied the students, discussed ways to work together more closely and to drive the message of the opportunities in manufacturing for young CNC Machinists and Programmers.

ARCH Cutting Tools believes that the resurgence of American manufacturing requires a renaissance of precision machining, supported by evolved and highly collaborative partnerships. ARCH Cutting Tools is leading this renaissance through continuous improvements in engineered solutions. Guided by an entrepreneurial spirit, the company leverages its combined resources to create greater cost efficiencies and performance outcomes for its customers. To drive these principles, the ARCH Cutting Tools leadership enables and supports a culture of teamwork and personal growth.

About ARCH Cutting Tools
ARCH Cutting Tools, headquartered in Bloomfield Hills, Mich., provides its customers a source of highly evolved engineering capabilities. This expertise is grown organically from a combined 100-plus years of intelligence gathering. Providing cutting tool brands such as KEO, Ultra-Dex and Patriot allows the developmental process for the support in ARCH Specials to achieve a faster pace. The creation of unique customer solutions can provide a substantial process enhancement with the outcome being greater efficiency, performance and profitability. This is the strength of ARCH Cutting Tools and we continue to build our synergistic company to offer more for our customers.

For more information, visit: www.archcuttingtools.com

For more information, contact:
Stacey Eeman
Marketing & Business Development Manager
stacey.eeman@archgp.com
Phone: 810-618-7711

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The Jordan Company Announces the Acquisition of ARCH Global Precision

ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on manufacturing precision cutting tools, precision machined industrial components and medical implants and instruments has been acquired by The Jordan Company (“TJC”) effective as of today. Mr. Eli Crotzer, President & CEO of ARCH Global Precision and the entire ARCH senior management team intend to continue operating in their current roles under TJC’s ownership. “We are exceedingly pleased to announce the sale of ARCH to TJC” commented Mr. Crotzer. “On behalf of the entire ARCH team I would like to thank the good folks at Strength Capital Partners and Main Post Partners for their support and partnership over the last several years. Together we have achieved an extraordinary number of important milestones in building ARCH into a leading high-precision metalworking platform. I could not be more excited to be having TJC acquire ARCH, as they share our vision for growth and cultural preservation at ARCH. I am confident that this next chapter of growth at ARCH with TJC will be every bit as rewarding and energizing as the last several years have been under the ownership of Strength Capital Partners and Main Post Partners” concluded Mr. Crotzer.

“We are thrilled by this excellent outcome. Our investors will receive a very good return on their investment and the Company is getting an ideal partner for the next leg of its incredible growth”, commented Mark McCammon, Managing Partner at Strength Capital Partners.

“We are grateful to the management team at ARCH who have led a significant transformation in ARCH’s business since our investment, and we wish them well under new ownership”, added Scott Bell, Partner at Main Post Partners.

“We are delighted to be partnering with the ARCH management team to support its next phase of growth. ARCH is an industry-leading platform with a best-in-class management team. We will continue to invest heavily in the business to support organic growth and strategic acquisitions”, commented Mike Denvir, Partner at The Jordan Company.
Lincoln International acted as the exclusive financial advisor to ARCH and Jaffe, Raitt Heuer & Weiss acted as the exclusive legal advisor to ARCH for this transaction.

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Personnel Announcement – Marcus Ralston, Director of Product Management – Standards

marcus ralstonARCH Cutting Tools is pleased to announce and welcome Marcus Ralston as Director of Product Management – Standards. Marcus is responsible for business development, brand integration, sales forecasting, marketing initiatives, and customer relationships for the KEO Standards, Richards Microtools, Ultra-Dex and KEO Milling Solutions product lines.

Throughout his career of more than 20 years, Marcus has focused primarily primary on developing and implementing strategic sales and service models, effective channel management, customer advocacy and direct marketing implementation.

Earlier in his career, he served as Vice President of Business Development for Harvey Performance, where he was responsible for sales growth and for the coordination of the operations of Sales and Application Engineering, Custom Solutions and Customer Service. Marcus also worked as an Application Engineer with Kennametal, where he partnered with R&D to refine tool geometry, conduct beta testing and to create technical content for a wide range of successful solid carbide cutting tool designs in milling, threading and hole-making across the organization’s 20-brand portfolio.

A veteran of Desert Storm, Marcus served 14 years in the U.S. Army. He graduated Summa Cum Laude from Southern New Hampshire University with a B.S. in Organizational Leadership and he also holds a diploma in Nuclear, Biological & Chemical Defense from the U.S. Army Chemical Defense Institute.

“I look forward to putting my experience to work in this dynamic organization,” Marcus says. “Building on our dedication to customer service, we will grow in our capabilities and continue to be the industry leaders.”

Contact Marcus Ralston at 603-545-7355, or at mralston@archgp.comm