Mount Prospect, IL – January 30, 2018 – PRECISION SURFACING SOLUTIONS (formerly Lapmaster Wolters Group), a leading supplier of equipment and services for precision lapping, polishing, grinding, and honing, announced today that it has acquired REFORM Grinding Technology GmbH, a provider of machine tools and systems for high-precision grinding applications.
“The acquisition of the REFORM brand significantly increases our precision grinding system portfolio and will provide the ability to offer complimentary grinding technologies to our existing global customer base” said Brian Nelson, President and CEO of PRECISION SURFACING SOLUTIONS. “This acquisition will expand our global team to over 900 employees and will further strengthen our ability to offer technology to a wider range of applications, particularly in combination with our existing ELB, MICRON, and aba profile grinding brands.”
Kelly Cavitt, Chief Operating Officer of PSS added “The addition of REFORM in Fulda widens our base of operations in Germany and offers significant operational and cost synergies when combined with our existing operations in Rendsburg, Aschaffenburg, and Babenhausen. I look forward to having the REFORM team join our group and know that the leadership of Matthias Mantel and Michael Jahnke (Managing Directors) will guide a successful path for the REFORM product line.”
PSS Group Chief Technical Officer, Brett Rosenthal, further commented, “This combination of technologies and technical resources will enable us to drive market leading grinding solutions for our customers, particularly those in the aerospace industry”.
PRECISION SURFACING SOLUTIONS has solved the most challenging precision surfacing problems. With hundreds of years of experience within each of our brands, PSS has a proven history of successfully developing cost effective processing solutions for virtually any application. Terms of the acquisition were not disclosed.
About PRECISON SURFACING SOLUTIONS (PSS)
PSS is an industry leader in the development of technology to produce micron accuracy surface finishes. Under the well-recognized Lapmaster, Peter Wolters, ELB, MICRON, aba, REFORM and Barnes brands, PSS has a proven history of successfully developing cost effective processing solutions for the lapping, polishing, fine grinding, brush deburring, creep feed grinding, bore honing, double disc grinding, and buffing through an expanding network of sales and services offices located throughout the world. The company’s 110,000+ installed systems across 5,000+ active customers utilize precision abrasive finishing technology for various end-user precision finishing applications. PSS is headquartered in Mt. Prospect, IL, employing over 900 people across eleven manufacturing facilities on three continents. For more information, visit http://www.precisionsurfacesolutions.com/.
About REFORM Grinding Technology GmbH
REFORM is a leading designer and builder of high-precision grinding machine tools and systems under the following categories: traveling head grinders, rotary table grinders, profile grinders, AERO grinders (for specific aerospace applications), and custom systems. The company was founded in 1904 in Libina, Czech Republic. Since 1987, the company has been headquartered in Fulda, Germany. For more information, visit http://www.reform.de/cms/