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GWS Tool Group Announces Acquisition of STF Precision

STF Precision in Arden, NC

GWS Tool Group announced that it has acquired STF Precision. This was the third add-on acquisition for GWS that took place in 2020.

Located near Asheville, NC, STF is a manufacturer of precision cutting tools, primarily in the categories of polycrystalline diamond tools (PCD), single-crystal diamond tools (SCD) and Cubic Boron Nitride (CBN). The company's product capability portfolio includes brazed PCD rotary tools for non-ferrous materials, PCD 8-facet drills for aerospace composites, PCD grooving inserts for automotive applications and multi-stepped brazed PCD monoblock tools.

The company has the equipment and experience to design, manufacture and regrind tooling for a wide variety of applications, including boring, grooving, turning and profiling difficult-to-machine materials such as high-silicon aluminum, composites, carbon fiber and plastics. With the addition of STF, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace today.

"STF is an ideal fit for our organization," said Rick McIntyre, GWS CEO. "The experience and know-how of the team, combined with their proprietary manufacturing processes that they have developed over time, will create immense value for GWS customers. Rotary PCD tooling has been a limited category for GWS for some time, and this fills some of those gaps perfectly."

"I am very excited for STF Precision to be joining GWS Tool Group," said Jason Ford, Co-Owner and President of STF Precision. "We have accomplished a lot at STF, feel strongly about our ability to produce some of the most precise and capable products in the industry, and are incredibly excited about the GWS engine being able to expand our reach."

Ford will continue with the GWS team as the General Manager for the North Carolina manufacturing operations, and co-owner and vice president David Novak will be joining the GWS leadership team as Director of Systems and Integration.

For more information contact:

GWS Tool Group

595 County Road 448

Tavares, FL 32778


STF Precision

75 Old Shoals Road

Arden, NC 28704


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