Arts Way Signs Letter Of Intent To Purchase Assets Of Ohio Metal Working
Art’s Way Manufacturing Co., Inc., Armstrong, IA, and Ohio Metal Working Products Company announced they have signed a letter of intent. The letter of intent calls for Ohio Metal Working Products Company to sell to Art’s Way Manufacturing Co., Inc. the operating assets of Ohio Metal Working Products Company, doing business as American Carbide Tool Company.
Located in Canton, OH, Ohio Metal Working Products Company is a manufacturer and distributor of standard single point brazed carbide tipped tools. They also provide PCD (polycrystalline diamond) and CBN (cubic boron nitride) inserts and tools. They have over 50 years of tool making experience. The transaction is pending final agreement with closing expected within the next two weeks.
Art’s Way; Association member since 1961; artsway-mfg.com.