GWS Tool Group Acquires Taurus Tool & Engineering
The acquisition enhances the GWS product portfolio and capabilities in the area of custom HSS tooling and custom thread-on modular tooling, while adding additional capacity for complex carbide hole making and milling tools.
GWS Tool Group (Chesterfield, Indiana) is announced on Jan. 7 that it has acquired Taurus Tool & Engineering (Delaware County, Indiana). Taurus is the first acquisition in 2021 for GWS Tool Group, following three previous acquisitions in 2020.
Taurus is a manufacturer of precision custom cutting tools, primarily in the categories of both HSS and carbide hole making and milling tools. The company’s product capability includes complex HSS and carbide step tools for aerospace and automotive applications, custom thread-on modular tooling and combination tools for the elimination of multi-tool operations.
The company features a completely re-built (February 2015) 25,000 square-foot facility outfitted with what the company says are the latest CNC grinding and inspection equipment in the market. Problem resolution at the spindle has been instrumental in the company’s growth. Backing this with excellent manufacturing processes and a high level of quality control has catapulted Taurus to one of the marquee destinations for customers in need of high-quality complex round tool solutions. With the addition of Taurus, GWS contends that its position as a premier multi-disciplinary manufacturer of high-performance cutting tools has been solidified.
“Taurus Tool & Engineering is an obvious match and fit for our organization,” says Rick McIntyre, GWS’ CEO. “On the carbide side, they bring a host of complimentary skill sets to our organization, while bolting on new capability in the areas of high-speed tools and custom modular tooling technology know-how. Previously, GWS has had to bypass certain niches like HSS tooling, and now we can offer our customers and partners in distribution another reason to consolidate with GWS.”
Jim Kantak, co-owner and president of Taurus Tool & Engineering adds, “We have overcome and accomplished so much in a short period of time and are thrilled to continue delivering our precision engineered solutions via the GWS Tool Group.”
According to the GWS Group, continued expansion by way of acquisitions and constant investment in world-class technology, equipment and most importantly, people, has created an unmatched value proposition for customers operating in advanced machining environments, especially in the areas of custom round and insert tooling.
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