DBW Holdings Announces Acquisition of Peak Toolworks: Expands its Leading Diamond Tool Cutting Product Line
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Wednesday, December 13, 2023
CHICAGO and VERNON HILLS, Ill., Dec. 13, 2023 (GLOBE NEWSWIRE) -- DBW Holdings, L.L.C., (“DBW Holdings”) parent company of Diamond Blade Warehouse , today announced the acquisition of Peak Toolworks (“Peak”), the premier manufacturer and servicer of diamond and carbide precision cutting tools.
Key Points:
- CHICAGO and VERNON HILLS, Ill., Dec. 13, 2023 (GLOBE NEWSWIRE) -- DBW Holdings, L.L.C., (“DBW Holdings”) parent company of Diamond Blade Warehouse , today announced the acquisition of Peak Toolworks (“Peak”), the premier manufacturer and servicer of diamond and carbide precision cutting tools.
- The acquisition expands DBW Holdings’ ability to provide industry-leading products to customers in attractive end-markets, including infrastructure, construction trades, building products, automotive, and manufacturing.
- In conjunction with the acquisition, W. James Farrell will continue as the Chairman of DBW Holdings, and James M. Farrell will lead the consolidated day-to-day operations as CEO.
- The signature operating approach of ITW is the 80/20 process, and this is a core tenet of the Farrells’ leadership of DBW Holdings.