M&A Deal Summary

Walter AG Acquires Melin Tool Co.

On January 2, 2020, Walter AG acquired manufacturer Melin Tool Co.

Acquisition Highlights
  • This is Walter AG’s 1st transaction in the Manufacturing sector.
  • This is Walter AG’s 1st transaction in the United States.
  • This is Walter AG’s 1st transaction in Ohio.

M&A Deal Summary

Date 2020-01-02
Target Melin Tool Co.
Sector Manufacturing
Buyer(s) Walter AG
Deal Type Add-on Acquisition

Target

Melin Tool Co.

Cleveland, Ohio, United States
Melin Tool Co. is a manufacturer of solid carbide and HSS end mills, drills, and countersinks to the Aerospace and Medical sector. Melin Tool Co. was established in 1940 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Walter AG

Tübingen, Germany

Category Company
Founded 1919
Sector Manufacturing
Employees1,200
DESCRIPTION

Walter AG is a provider of specialized machining solutions. Walter offers a wide range of precision tools for milling, turning, drilling and threading applications. Walter AG was established in 1919 and is based in Tübingen, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1