Precision Surfacing Solutions acquires German firm

Precision Surfacing Solutions, formerly Lapmaster Wolters Group, said it 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 headquartered in Mount Prospect. "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."

Precision Surfacing Solutions solves 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.