Ohio Tool Works, LLC
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Ohio Tool Works, LLC - overview
Established
2004
Location
Ashland, OH, US
Primary Industry
Industrial Machinery
About
Ohio Tool Works, LLC, headquartered in Ashland, US, specializes in precision honing technologies, offering advanced honing machines and abrasive stones for various manufacturing applications across multiple industries. Ohio Tool Works, LLC was founded in 2004 in Ashland, US, providing precision honing solutions for the manufacturing sector. In August 2021, Hardinge Inc. acquired Ohio Tool Works from Artemis Capital Partners, enhancing its product portfolio and expanding the company’s capabilities in the global market.
Ohio Tool Works (OTW) specializes in precision honing technologies, offering a range of vertical and horizontal honing machines and abrasive honing stones. These core products enhance the accuracy and efficiency of manufacturing processes, catering to applications in automotive, aerospace, and industrial machinery. OTW’s machines feature advanced controls and connectivity, aimed at improving productivity and precision, and serve a customer base that requires high-quality tooling solutions in North America, Europe, and Asia. Ohio Tool Works engages in direct-to-business (B2B) transactions, focusing on honing machines and abrasive stones for manufacturers.
Revenue primarily derives from equipment and consumable product sales, with potential distributor partnerships for local market penetration. The company’s flagship products, including vertical and horizontal honing machines, are essential for establishing long-term client relationships and fostering repeat business, with pricing reflective of the machines' complexity and specifications. Following its acquisition by Hardinge Inc. in August 2021, Ohio Tool Works plans to leverage its new parent company's resources to enhance product offerings and expand into new markets.
The integration aims to strengthen business solutions and capabilities, particularly in honing technologies. Future initiatives include the development of new honing products and strategic expansions into additional geographic regions, as the company seeks growth in markets where precision engineering is essential.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.ohiotoolworks.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Ohio Tool Works, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Ohio Tool Works, LLC | - | ||||||||
| Recapitalisation | Completed | Ohio Tool Works, LLC | - |
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