Browse by Editorial Category
Browse by Edition Date

December 2018

Skip Navigation Links.
Expand Applying TechnologyApplying Technology
Expand Automation Equip and SystemsAutomation Equip and Systems
Expand ControlsControls
Collapse Current NewsCurrent News
Effective Machine Guarding Solution
Allis Roller Joins Exclusive World Class Manufacturing Program
Bremen Castings Inc. Receives ISO Certifications
Bystronic Breaks Ground for New Advanced Experience Center
CAMplete Solutions Partners with Haas F1 Team
COE Press Equipment Hosts Utica High School Students on Manufacturing Day
Coldwater Machine Expands Automation Sales with Parmerison Corp. Agreement
Cutting Tool Consumption Grew Yearly and Monthly in August
Durr Receives Largest Order in Its History from Toyota
ESAB Acquires Gas Control Equipment
Aluminum Extrusion Technology Seminar Announced
Duplex Milling Machine
Forest City Gear Adds Metal Alloy Analysis to Gear Inspection Capabilities
Germany Chamber of Commerce Organized Visit to HELLER Machine Tools
Hurco Distributors Recognized for Achievements
New Hampshire Honors Hypertherm for Excellence in Work-Based Learning
Industrial Innovations Partners with Die Maker Solutions
Integro Named FANUC Authorized System Integrator
Jrlon Inc. Acquires RotaDynes Engineered Products Division
Kapp Technologies Koepfer America and Penta Gear Metrology Collaboration
KASTO Expands in North America with Technology Center
New Lightweighting Innovation Projects
Remote Machine Monitoring Solution
Tooling Tech Groups Majestic Industries Received IATF Certification
Marposs Acquires Blulink
Matsuura USA Announces Partnership with Custom Mold and Design
MC Machinery Systems Inc. Announces Black Rock Machinery as New Midwestern Laser Distributor
MCC Receives Donation from Gene Haas Foundation
MicroCare Achieves ISO Certification
Grand Opening of Mitutoyo M2 Solution Center
NIMS Debuts Testing Platform
North American Tool Appoints Pittman Industrial Marketing
Northrop Grumman Expands Ohio Facility Adds Manufacturing Jobs
Northrop Grumman Expands Presence in Salt Lake County UT
Sixth Annual NTMA Southwest Conference Feb. 8-10
Seco Tools and IMS Software Join OMIC Research and Development
ONCAP Acquires Walter Surface Technologies
U.S. Navy Gains Efficiencies with New Data Exchange System
Metal 3-D Printing and Simulation-Driven Design
Solutions for Improved Secure CNC Networking
Five Hours Saved on a Single Laser Run
SLCC Opens Westpointe Workforce Training and Education Center
Tool Repair Center with Larger Capacity
Feature-Added Blanks Shorten Production Time
Timken Completes Acquisition of Rollon Group
Weldcote Metals Inc. Opens New Manufacturing Facility
Expand Lasers in MfgLasers in Mfg
Expand Literature-Web TutorialsLiterature-Web Tutorials
Expand Metalforming-Fabricating-WaterjetMetalforming-Fabricating-Waterjet
Expand People In The NewsPeople In The News

show all editions →

Click here to watch Tutorial Videos >

ONCAP Acquires Walter Surface Technologies



ONCAP has purchased a majority stake in Walter Surface Technologies in partnership with the existing management team. The Walter Group will retain a minority interest in the company.

Walter is a provider of innovative solutions for the metal working industry. Its consumable metal working solutions include abrasives, tooling, power tools, chemical solutions and welding process solutions. The company sells its portfolio of products to a diverse array of end markets, including metal fabrication, transportation, construction, energy, mining, forestry and lumber, food and pharmaceuticals. Walter was founded in 1952 by Walter Somers and, over the past 30 years, his son Pierre Somers led the company and expanded it internationally.

"Walter is committed to creating the best performing products and offering innovative, safe, user-friendly and environmentally conscious solutions to its customers," said Gregory Baylin, a Managing Director with ONCAP. "The company's dedication to excellence and strong workforce are what attracted us to the business. We are thrilled to partner with the management team and the founding family to build upon the entrepreneurial spirit and vision Walter and Pierre Somers created."

"ONCAP's Canadian roots and outstanding investment track record make it an ideal partner for us," said Marc-André Aubé, the newly-appointed CEO of Walter. "Together, we will continue to focus on providing the best solutions to our customers to improve their productivity and make their jobs easier and safer. ONCAP's support will help us grow both organically and through strategic add-on acquisitions."

"This transaction is the logical step to take Walter to new and exciting heights. The company is in great hands with Marc-André and the management team we have worked hard to build," said Pierre Somers, the retiring Chairman and CEO of Walter and the Chairman and CEO of Walter Group. "We are excited to remain a minority shareholder and watch the company's growth during this next chapter. The Walter Group will now turn its focus to expanding our investing activities."

For more information contact:

ONCAP

712 Fifth Avenue, 40th Floor

New York, NY 10019

212-582-2211

info@oncap.com

www.oncap.com

Walter Surface Technologies

810 Day Hill Road

Windsor, CT 06095

860-298-1100

info.us@walter.com

www.walter.com

< back