NAP Gladu woodworking tool owner Tenex Capital Management, a private equity firm, will acquire JET Powermatic and Wilton Tools and the rest of the machinery and tools business of Walter Meier AG of Switzerland.

Tenex Capital Management (“Tenex”), the New York based private equity firm focused on middle market investments, today announced it has signed a definitive agreement to acquire the machinery and tools business of Walter Meier AG of Switzerland.

JET’s new 15” Woodworking Lathe, available in a standard version (Model JWL-1015) and variable speed version (Model JWL-1015VS), provides optimum control, as well as positive-locking indexing.

JET’s new 8” Woodworking Bench Grinder incorporates the latest shop-friendly features and has a rugged cast iron base and motor housing for long life.

JET has launched JET Shop Talk, a new website (www.jetshoptalk.com) where members of the JET community can show their enthusiasm, share projects and talk shop.

Five winners of the 2012 Furniture Society-Powermatic Student Workshop Scholarships were announced by Alfred Sharp, president of The Furniture Society.