Allied Machine & Engineering Corporation (Dover, OH), a leading manufacturer of holemaking and finishing tooling systems, announced that they have purchased a majority of the shares of Wohlhaupter GmbH (Frickenhausen, Germany), Wohlhaupter USA (Dayton, OH) and Wohlhaupter India (Janakpuri, New Delhi).
Known across the world as a manufacturer of innovative modular tool systems, Wohlhaupter produces facing and boring heads, grooving heads, clamping tools and customized solutions for boring operations. The most significant product additions include their larger diameter boring tools and their line of digital boring tools. With one innovation after another, they have continually reinforced their reputation as a world leader in digital boring tools.
“Our company is a perfect fit with them,” said Bill Stokey, the president and chief executive officer of Allied. “Both are family-owned companies whose foundations are built upon excellent quality, flexibility, and ability to customize products and services, as well as a preference for building strong partnerships with our customers. These commonalities will produce a seamless integration of our philosophies and services.”
Customer sales and support will continue to be provided by both companies, reflecting their established strong, longstanding relationships. “By acquiring them, we have added the world’s widest range of precision boring tools to our already vast array of available products,” noted Eric Tope, the vice president of marketing and sales for Allied. “Equally important is the fact that we now have a manufacturing presence in Europe and an additional 30 field sales engineers throughout the U.S., Germany and India.”
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