# GWS Tool Group acquires STF Precision

GWS Tool Group announced the acquisition of STF Precision, a manufacturer of precision cutting tools including PCD, SCD and CBN tools, located in Arden, North Carolina. This was GWS's third add-on acquisition in 2020.

- Type: Acquisition
- Announced: 2021-01-01
- Where: Arden, North Carolina, United States
- Status: completed
- Products: polycrystalline diamond tools, single-crystal diamond tools, Cubic Boron Nitride tools, precision cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [GWS Tool Group](https://endata.com/companies/17991.md) (acquirer)
- [STF Precision](https://endata.com/companies/52244.md) (target)

## Sources

- [mfgnewsweb.com](https://www.mfgnewsweb.com/archives/4/57905/Current-News-jan21/GWS-Tool-Group-Announces-Acquisition-of-STF-Precision.aspx), 2021-01-01: "STF is an ideal fit for our organization. The experience and know-how of the team, combined with their proprietary manufacturing processes that they have developed over time, will create immense value for GWS customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.