Press Release
TYROLIT Group strengthening presence in North America
Acquisition of The Wickman Corporation, Oak Park, MI
The TYROLIT Group, one of the world’s leading manufacturer of bonded grinding, cutting, sawing and drilling tools, acquired The Wickman Corporation, Oak Park, MI. The company thereby strengthens its position in North America. The acquisition demonstrates TYROLIT´s commitment to continuous growth in the North American market.
Wickman - inventor of the resinoid diamond grinding wheel
The Wickman Corporation is a custom manufacturer of high quality superabrasive grinding wheels, hones and associated products. With the invention of the resinoid diamond grinding wheel by company founder Axel C. Wickman, the company has maintained a tradition of innovation and excellence. This spirit of innovation has made Wickman an industry leader in the development of superabrasive products in the United States. The Wickman Corporation is the ideal partner for TYROLIT complementing the product range and providing technical knowledge.
After signing cooperation agreements with Supfina and sia microtec in 2002, the acquisition of The Wickman Corporation is the next step towards a strong commitment in North America. "Wickman is the right partner to continue our expansion strategy in the United States. I am very impressed with the product quality, the modern manufacturing facility and their corporate philosophy, which is excellent fit to TYROLIT and will allow us to further penetrate the American market," says CEO Jakob Mosser after the successful acquisition.
With more than 500 employees in four manufacturing facilities in North America, TYROLIT generates more than USD 150 million in revenue.
Technology leader TYROLIT is active all over the world
With 20 production plants and 3.400 employees all over the world, TYROLIT's sales in 2001 was USD 465 million. Approximately 160 employees at the TYROLIT headquarters in Schwaz/Austria are continuing to develop and improve TYROLIT's high-quality products. Innovation and precision are the company´s keys to success. Further information on TYROLIT can be found at www.tyrolit.com.
Case Study
Superabrasives For Soft MaterialsProcess parameters using superabrasive grinding for hard materials are well known. However, this southern California shop had a stumper of a workpiece that required grinding both aluminum and Inconel in a single setup. Talk about opposites. Here's how they got the job done.
http://www.mmsonline.com/articles/129801.html
The Wickman Corporation Announces Vitrified Wheels for Insert Grinding
The
Wickman Corporation, a pioneer in the development of superabrasive grinding
wheels and hones, has announced the development of its next generation vitrified
bond diamond face grinding wheels.
These new finishing wheels are targeted for manufacturers of polycrystalline diamond (PCD) tools, polycrystalline cubic boron nitride (PCBN) tools, and carbide tools.
"Our proprietary vitrified bond formulation provides these wheels with free cutting action and long life, says Wickman Corporation president Ben Stormes. "In addition, new manufacturing methods have allowed us to improve the quality of the wheels, yet lower the price."
The new wheels are available in various grits and geometry's. They're capable of operation on a wide selection of grinding machines including EWAG, Wit-O-Matic and Coborn.