The GWS Tool Group announces the acquisition of Indexable Cutting Tools, Inc. This is the first foreign transaction by the US Company and the third transaction by GWS Tool Group in 2021.Indexable is a technology pioneer in manufacturing and marketing ceramics, PCD, and CBN insert in Welland, Ontario, and Edmonton, Canada. For over 50 years, firms worldwide have been advanced in operational efficiency by mastering insert manufacturing and precision cutting technologies.
With its goods, the firm supports a range of the largest production firms in the globe. Indexable has leveraged its quality and flexibility strategy to provide what a few others can from automotive and powertrain clients through commercial and defense aerospace manufacturers. Indexable can produce ceramic inserts with ultra-fine grain structures, resulting in greater hardness, toughness, and thermal stability than typical ceramic grades, using six worldwide patents surrounding their microwave sintering procedures in the same areas.
“Indexable has an incredible reputation as a manufacturer of some of the industry’s most inventive and quality solutions for inserts,” says GWS CEO Rick McIntire.”Their know-how in ceramic materials science is ahead of time and will surely strengthen our existing and future capabilities in the fast-moving manufacturing sector,” concluded McIntire.
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