Last year, SGS Tool Company, a round solid carbide cutting tool manufacturer based in Munroe Falls, Ohio, was acquired by the Kyocera Corporation of Kyoto, Japan which employs around seventy thousand people across 231 group companies. The deal massively expanded the reach of the decades-old firm which is now called Kyocera SGS Precision Tools (KSPT).
“The Kyocera acquisition has given us many advantages. It seems like we went from being a pretty well-known privately held company with about three hundred employees to being a publically traded global power player overnight,” says Marketing Coordinator Tim Stephens.
Munroe Falls also houses a KSPT distribution center, a tool coating facility and Global Innovation Center for research and development and training and education. The company operates a sprawling network of additional facilities dedicated to the cutting tools which remove material from workpieces when making parts for manufacturing. These facilities were established long before the Kyocera purchase and include manufacturing operations in Cuyahoga Falls, Ohio.