LIVONIA, Michigan, November 4, 2016.
ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on precision machined components and precision cutting tools, has acquired Rid-Lom Precision Manufacturing Corporation (“Rid-Lom”), located in Rochester, New York. Rid-Lom is a manufacturer of high precision components serving the hydraulic, packaging and general industrial markets, and specializes in CNC milling and electrical discharge machining (“EDM”).
“We are excited to announce the acquisition of Rid-Lom, as this acquisition provides additional machining capabilities in the Northeast and access to new key customers” commented Scott Morling, ARCH Global Precision Divisional President of Precision Machined Components. “Over the coming months, all of the equipment and employees of Rid-Lom will be relocated to our JASCO facility, located 8 miles from the Rid-Lom facility. In addition to maintaining the strong relationships Rid-Lom has developed with its customer base, the new added machining capabilities and incremental capacity will enhance the JASCO operations and significantly contribute to our continued growth”, concluded Mr. Morling.
John Rider, the former owner and President of Rid-Lom, commented, “I am pleased to announce that Rid-Lom is joining the ARCH family of companies. Early on in the process it was apparent there was a strong cultural alignment with ARCH, and they shared similar core values as Rid-Lom. Given the track record and reputation of ARCH, I am confident that ARCH is the right steward of the business going forward.” Mr. Rider will stay on for a transitional period to ensure the successful integration of the business.