Dormer Pramet, global manufacturer of tools for the metal cutting industry, today announced it has acquired Wetmore Tool and Engineering. A US-based manufacturer of customer specified HSS and solid carbide cutting tools, Wetmore Tool and Engineering manufactures adaptive shank drill technology, as well as fasteners, reamers and rivet shavers. The company specializes in cutting tools for hand-held skin drilling applications performed by several global aerospace organisations.
Jerome David, CEO at Wetmore Tool and Engineering, will continue in the position and play an important role in overseeing the transition as a member of Dormer Pramet’s senior management team. As part of the acquisition, the Wetmore brand becomes a product brand of Dormer Pramet, alongside its current Dormer, Pramet, Precision Twist Drill and Union Butterfield assortments. This acquisition is said to significantly strengthen Dormer Pramet’s position and product offering within the aerospace industry, particularly in markets such as the US, Brazil, Canada, China, France, Italy and UK.
Stefan Steenstrup, President, Dormer Pramet, said this acquisition helps both companies as they continue to grow and expand presence within the aerospace industry. It gives Dormer Pramet significant brand recognition, not only in the US, but worldwide, he added. “Existing Wetmore customers will still receive the high-quality products and services they have become accustomed to. In addition, they will now have access to Dormer Pramet’s extensive range of high quality solid and indexable cutting tools,” said Steenstrup.