SGS Tool Company of Munroe Falls, OH USA, a manufacturer of solid carbide and stainless steel cutting tools, has recently been acquired by Kyocera Corporation of Kyoto, Japan, a producer of advanced ceramics.
SGS Tool Company and its subsidiaries will be owned by Kyocera Corporation. SGS headquarters will remain in Munroe Falls with manufacturing located in Cuyahoga Falls, Ohio & Columbia City, Indiana as well as the UK. All SGS associates, including manufacturing, sales agents, distribution centre, and administrative and executive staff will remain with the new company.
Tom Haag, President of SGS Tool Company, commented on how the sale fits into a long-term strategy for the business and community. âKyoceraâs business model offers many solutions to our business challenges approaching over the next decade. From basic raw material to research & development solutions, the company is well-positioned for the market challenges and innovations of the next decade and beyondâ?.
