Dormer Pramet acquires US-based tooling firm

Posted on 31 Jan 2019 and read 697 times
Dormer Pramet acquires US-based tooling firmChesterfield-based Dormer Pramet (www.dormerpramet.com) has acquired US-based Wetmore Tool and Engineering, a manufacturer of customer-specified HSS and solid carbide cutting tools.

The company specialises in cutting tools for hand-held skin drilling applications, as performed by several global aerospace organisations.

The acquisition significantly strengthens Dormer Pramet’s position within the aerospace industry, particularly in markets such as the USA, Brazil, Canada, China, France, Italy and the UK.

Stefan Steenstrup, president of Dormer Pramet, said: “I am very pleased to have reached an agreement to acquire Wetmore Tool and Engineering and we welcome them into the Dormer Pramet family.

"For more than 60 years, Wetmore has been a leading supplier of high quality-cutting tools renowned for its precision and serviceability to the aerospace industry.

"Combined with a proactive approach to customer service, this makes the company an excellent fit — both strategically and culturally — with Dormer Pramet.

“We see this as ‘business as usual’ for both companies, as we continue to grow and expand our presence in the aerospace industry.

"It gives us significant brand recognition, not only in the USA but world-wide. Existing Wetmore customers will still receive the high-quality products and services they have become accustomed to.

"In addition, they will now have access to Dormer Pramet’s extensive range of high-quality solid and indexable cutting tools.”

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