Corridor Capital LLC located in Los Angeles, CA, celebrated the New Year early with the acquisition of three specialty manufacturing companies from Churchill ESOP Capital Partners.
In the transaction, Corridor acquired Wetmore Tool & Engineering Inc., U.S. Industrial Tool & Supply Inc. (USIT), and Arvan Inc.
Founded in 1950 and located in Chino, CA, Wetmore is a market leader in specialty cutting tools, drill bits, and fasteners serving customers in the aerospace, automotive, and industrial markets. Wetmore manufactures both custom and standard cutting tools and related products under the HP Manufacturing, Wetmore Cutting Tools and California Associated Products brands.
Latest from Today's Medical Developments
- Boston Scientific to acquire Penumbra, expanding cardiovascular portfolio
- Star Cutter introduces Double Pilot Reamer
- #80 Manufacturing Matters - Machining Strategies to Save Time and Improve your Process for MedTech Components with Kennametal Inc.
- Real-world parts and expert manufacturing advice
- Experts discuss the latest in toolholding technology
- How permanent magnets are powering medical innovation
- Forecasting the year ahead in design and manufacturing
- Tecomet, Orchid Orthopedic Solutions announce merger agreement
