PRESS RELEASE
Stone Fox Ventures Announces Acquisition of Conical Tool Company
Private equity investment firm acquires international recognized leader in specialty cutting tools.Grand Rapids, November 28, 2012: Stone Fox Ventures, a private equity investment, has acquired Cut Above Tool Company, Inc. d/b/a Conical Tool Company. Conical Tool Company has been a leading global manufacturer and distributor of tapered end mills and specialty tooling since 1944.
Conical Tool Company, based in Grand Rapids, Michigan, manufactures an innovative line of high performance, specialty, custom and precision end mills and cutting tools to support the manufacturing sector through many industries including: aerospace, agriculture, automotive, casting & foundries, defense, electronics, energy, furniture, medical, metalworking and plastics / composites.
The managing member of Stone Fox Ventures, Robert M. Shindorf, has extensive experience improving and developing manufacturing and distribution companies and specializes in troubled assets. Mr. Shindorf will serve as the company’s President and Chairman, using his experience in international manufacturing organizations to increase the company’s operational, financial and sales performance.
Stone Fox Ventures is a private equity investment firm that acquires, structures, manages and grows middle-market manufacturing, distribution and services companies with industrial and business customers. For more information, please visit https://stonefoxventures.com. For information on Conical Tool Company, please visit http://conicalendmills.com.