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:
Marketing & Business Development Manager
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.
ARCH 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 firstname.lastname@example.org
To: Richards Micro Tool Distributor
From: Stacey Eeman
Date: January 2, 2019
Re: 2019 General Price Adjustment
First! Thank you for your continued support and business partnership.
As you are all aware there have been many conversations over the past couple years as to the economic inequities in the Global Market. The current policy makers have promised to resolve these. The effects of these changes are impacting ours and many other industries across the country plus the world for the past year.
We regret that due to some of these policies and their effects on our operating costs, we can no longer absorb these increases and therefore are raising the list prices from the current 2018 catalog 5.5% effective January 2, 2019.
We have made every attempt to avoid the increase, but we will not compromise on the quality of our tools. I think you will agree that the quality of Richards Micro Tool – Miniature Cutting Tools should not be sacrificed.
A printed 2019 List Price will accompany any mailings of our current 2018 Catalog. You can send your requests to email@example.com, we can supply it in excel matrix as well.
Our website pricing Richardsmicrotool.com will be updated on January 2, 2019 as well.
Thank you for your continued business, we look forward to another year of association with you.
Stacey L. Eeman
Marketing & Business Development Manager
KEO Cutting Tools and ARCH Specials, a division of ARCH