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  6. GranQuartz Holdings Acquires Granite City Tool Co.

M&A Deal Summary

GranQuartz Holdings Acquires Granite City Tool Co.

On August 1, 2016, GranQuartz Holdings acquired machinery company Granite City Tool Co.

Acquisition Highlights
  • This is GranQuartz Holdings’ 1st transaction in the Machinery sector.
  • This is GranQuartz Holdings’ 1st transaction in the United States.
  • This is GranQuartz Holdings’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-08-01
Target Granite City Tool Co.
Sector Machinery
Buyer(s) GranQuartz Holdings
Deal Type Add-on Acquisition

Target

Granite City Tool Co.

Waite Park, Minnesota, United States
Granite City Tool Co., Inc. is a manufacturer and distributor of cutting tools, abrasives and ancillary products for the stone cutting and monument industries.

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Buyer(S) 1

Buyer

GranQuartz Holdings

Tucker, Georgia, United States
Category Company
Founded 1971
Sector Distribution
DESCRIPTION

GranQuartz is a stone tool distributor located in Tucker, GA (a suburb of Atlanta). GranQuartz sells tools, equipment and supply items to the natural stone market in North America. GranQuartz Holdings was founded in 1971 and is based in Tucker, Georgia.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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