ARCH Cutting Tools Corp. acquires North American Carbide: ‘Transformational acquisition’ strategically expands its engineered cutting solutions capabilities

ARCHR Cutting Tools Corp., an ARCH Global Precision Company (ARCH),
announces the acquisition of North American Carbide (NAC), of Orchard Park,
New York. North American Carbide brings a strong reputation, developed over
more than 40 years, of providing highly engineered cutting solutions to the
medical, aerospace, energy, and automotive industries. This, along with the
organization’s commitment to its customer relationships blends seamlessly
with the ARCH Cutting Tools culture.

“I am extremely proud to have the North American Carbide team join the ARCH
family,” said Jeff Cederstrom, Division President of ARCH Cutting Tools.
“ARCH Cutting Tools has enjoyed a strong working relationship with North
American Carbide for many years. Passion for solving customers’ most
challenging cutting tool applications, dedication to quality and an
unyielding entrepreneurial spirit make this a strong cultural fit within the
ARCH platform. North American Carbide’s custom insert capabilities adds a
strategic dimension to the ARCH offering and takes ARCH’s engineered cutting
tool solutions to a new level for our customers. As the industry continues
to move toward highly engineered solutions, we are proud to welcome NAC to
the ARCH team!”

Bob Gralke, CEO of North American Carbide, said, “What an exciting time for
the customers and employees of North American Carbide. We are all so
fortunate to be partnering with ARCH Cutting Tools. Joining the ARCH team is
a great cultural fit for our company and will allow us to support our
customers and continue to give them the best overall value in our customized
engineered cutting tools. It’s great to be a part of a world class
organization.”

ARCH President and Chief Executive Officer Eli Crotzer notes the special
significance of this acquisition for both organizations.

“As the ARCH team celebrates our 10th anniversary since the formation of the
company on December 21, 2011, it is appropriate that our 34th acquisition
involves such a transformational business as North American Carbide. The
highly engineered specialty inserts that NAC excels at are highly
complementary to our operations in both Flushing, Michigan and Mentor, Ohio.
I am confident that the combination of NAC and ARCH Cutting Tools will make
both businesses stronger and more competitive in the marketplace. I would
like to formally welcome all of the NAC employees to the ARCH team, and I
would like to personally thank Bob Gralke and the broader Gralke family for
the trust they have placed in ARCH to partner with them to take NAC to the
next level.”

About ARCHR Cutting Tools
ARCH, a Jordan Company based in metro Detroit, is recognized as a world
leader in high-performance solid round and indexable cutting tools. With
manufacturing facilities located throughout the United States, the company’s
engineering and machining facilities are dedicated to the betterment of
precision machined parts, products, tools, and related supply chain
processes. ARCH Cutting Tools combines the expertise of leading American
manufacturing professionals and expanding technologies to serve the medical,
aerospace and defense, and industrial markets.