Allied Machine Purchases Majority Interest in Wohlhaupter
November 1, 2016
Allied Machine & Engineering Corp, a manufacturer of holemaking and finishing tooling systems, has purchased a majority of the shares of Wohlhaupter GmbH of Frickenhausen, Germany, Wohlhaupter USA and Wohlhaupter India.
A manufacturer of 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 Wohlhaupter's larger diameter boring tools and line of digital boring tools.
"Allied Machine is a perfect fit with Wohlhaupter," said Bill Stokey, President/CEO of Allied Machine & Engineering. "Both are family-owned companies whose foundations are built upon excellent quality, flexibility and the 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 Allied and Wohlhaupter.
"By acquiring Wohlhaupter, Allied has added a wide range of precision boring tools to our already vast array of available products," said Eric Tope, Vice President of Marketing & Sales. "Equally important is the fact that Allied now has a manufacturing presence in Europe and an additional 30 field sales engineers throughout the USA, Germany and India."
For more information contact:
Allied Machine & Engineering Corp.
120 Deeds Drive
Dover, OH 44622
330-343-4283
www.alliedmachine.com
Wohlhaupter Corporation
10542 Success Lane
Centerville, OH 45458
937-885-1878
us.wohlhaupter.com
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