MINNEAPOLIS - NAP Gladu, a manufacturer of specialized carbide and PCD cutting tools, has acquired Eide Saw & Tool Service Inc., a maker of carbide-tipped saws, cold saws, and band saws.
NAP Gladu said the acquisition of Eide Saw will enable the combined companies to provide a broader range of solutions for Eide Saw’s customers including insert, carbide shank, and diamond tooling.
“We are delighted with this acquisition and see this as a perfect fit as both Eide Saw and NAP Gladu share a commitment to delivering the highest performing solutions and world-class customer service,” said Vern Cameron, CEO of Techniks Industries, the parent company of NAP Gladu. “This acquisition helps fulfill the strategy to build our platform with industry-leading brands and leverage the incredible depth of our collective industry knowledge to drive operational efficiencies and performance for our customers.”
Headquartered in Jasper, Indiana, NAP Gladu is a full-service provider and manufacturer of specialized carbide and PCD cutting tools for the woodworking, metal, and composite industries. With 16 service locations, NAP Gladu possesses one of North America’s largest tool service networks.