United Tool & Machine Acquires HRI Precision Tool Company

By: United Tool and Machine
 
 
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WILMINGTON, Mass. - June 17, 2016 - PRLog -- United Tool & Machine (UTM), a contract manufacturer specializing in wire EDM, CNC and manual machining, sheet metal fabrication, and metal stamping, is pleased to announce the acquisition of HRI Precision Tool Company (HRI), located in Haverhill, MA.

HRI's strong record of technical capabilities in assembly, tooling manufacturing, and CNC machining, is an exciting and bolstered addition to UTM's existing line of services. This acquisition allows UTM to build upon HRI's proven successes while also augmenting its capabilities to meet the need for responsive contract machining suppliers. The newly formed merger bodes well for the existing market, as well as the enabling UTM the ability to attract new customers as well.

"HRI and United Tool have had a shared relationship over the past few years and a basis of trust that allows this deal to make perfect sense," said UTM President, Scott Fallavollita. "We see tremendous value in developing relationships with several of HRI's key customers and the diversification it brings to our customer base. HRI is highly regarded as a company that invested a lot into the planning and engineering of a job upfront and did a lot of work beyond the scope of traditional CNC machine shop. We feel this work separates us from most other shops and are extremely pleased to bring HRI into the UTM fold."

In addition to the two companies merging, HRI President Harry Learned will join UTM as a Technical Sales Engineer and will be actively responding to RFQ's, technical and design questions, and other sales related opportunities, making the transition between companies and customer bases, smooth, efficient, and beneficial for all parties involved.

Committed to quality workmanship, United Tool & Machine is a progressive machining and prototyping company serving a variety of industries. UTM specializes in the design, development and fabrication of metal and plastic components requiring any mix of manual machining, CNC machining, Wire EDM, sheet metal or metal stamping. UTM is an ISO 9001-2015 registered company.

For more information about United Tool & Machine Corporation, visit: www.unitedtoolmachine.com.

Contact
Chris Hislop
***@boldwerks.com
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Tags:Machining, Machine Shop, Industrial
Industry:Manufacturing
Location:Wilmington - Massachusetts - United States
Subject:Mergers
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