Harvey Performance Company, a provider of specialized cutting tools for precision machining applications through brands Harvey Tool and Helical Solutions, has acquired Micro 100. Based in Meridian, ID, Micro 100 is a provider of turning tools, specializing in internal boring, grooving and threading tools and milling tools.
Micro 100's position as a manufacturer of products in both the turning and milling categories makes it a suitable addition to the Harvey Performance portfolio of brands. Its products provide a complement to Harvey Tool's miniature and specialty profile tooling and Helical Solutions' high performance end mill selection. "Because of this, the addition of Micro 100 significantly increases the company's market opportunity," said a Harvey spokesperson.
"We are on a journey to assemble and build a world-class company made up of outstanding brands and product lines supported by incredible people," said Pete Jenkins, CEO of Harvey Performance Company. "The addition of Micro 100 products to the Harvey Performance portfolio will help accelerate our ability to do just that. Micro 100 has a demonstrated dedication to quality products, excellent reputation and outstanding service - all traits that are consistent with the Harvey Performance way of doing business."
"The Harvey Tool and Helical Solutions Brands serve some of the most advanced and demanding end users in the industry," said Jerry Gleisner, Senior Vice President of Sales for Harvey Performance Company. "Micro 100's product line, particularly their strong focus in turning tooling, will allow us to offer additional capabilities and value to our distributors and end users."
Moving forward, the Harvey Performance team will focus on scaling and growing each of the company's three brands. "We will continue to manufacture Helical Solutions product in our Gorham, ME, facility and Micro 100 product in the Meridian, ID, location," said Brian McKahan, Vice President of Operations of the Harvey Performance Company. "We have plans for significant investment and growth across all of our brands."
The acquisition of Micro 100 better positions Harvey Performance and its brands to compete and grow. "One thing that is a constant in our business is change, with regular consolidation amongst our competitors, our distributors and our end users," said Jenkins. "We will continue to look to expand our product portfolio through acquisition. Scale matters, and we believe that - through thoughtful assembly of brands and products - we can enhance the end users' productivity and increasingly earn their business."
For more information contact:
Harvey Performance Company
428 Newburyport Turnpike
Rowley, MA 01969
844-393-8665
www.harveyperformance.com
Micro 100 Tool Corporation
1410 East Pine Avenue
Meridian, ID 83642
208-888-7310
info@micro100.com
www.micro100.com