TAVARES, Fla.— GWS Tool Group has acquired Taurus Tool & Engineering. Taurus, based in Batavia, Illinois. It is the first acquisition in 2021 for GWS Tool Group, following three previous acquisitions in 2020. Taurus is a leading 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 25,000 sq. ft. facility, rebuilt in February 2015 and outfitted with the latest CNC grinding and inspection equipment. “With the addition of Taurus, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace today,” GWS said in a statement.
"Taurus Tool & Engineering is an obvious match and fit for our organization," said Rick McIntyre, GWS' CEO. "On the carbide side, they bring a host of complementary 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."
"I am very excited for Taurus Tool to be joining GWS Tool Group," said Jim Kantak, co-owner and President of Taurus Tool & Engineering. "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."