Stone Fox Ventures Announces New Business Unit Allied Industrial Supply, LLCPrivate equity investment firm forms new business unit.
Grand Rapids, June 3, 2013: Stone Fox Ventures, a private equity investment, has formed a new business unit, Allied Industrial Supply, LLC. Allied Industrial Supply will support new business revenue opportunities for other Stone Fox Ventures holdings as well as leading brands in the metalworking, maintenance, repair and operating (MRO) industries..
The announcement was made by Robert M. Shindorf, Managing Member of Stone Fox Ventures and President of both Conical Tool Company and Global Cutting Tools.
“We’ve always been supporting customers in the MRO segments, and this new business unit will allow us to service them better in the regional and ecommerce realms. We’ve spent a number of months developing top tier vendors to be able to provide products and services which not only compliment our other business holdings, but enhance the customer experience,” said Robert Shindorf. “We will not only be able to supplement sales of Conical Tool Company and Global Cutting Tools, through enhanced local distribution, we will be able to add additional product offerings which add performance and value to our existing SKUs. For instance, our marketing material at Conical discusses the importance of proper cutting tool holders, now we can provide those as a valued added sale.”
Conical Tool Company and Global Cutting Tools, 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.
Allied Industrial Supply, will be a broad line supplier of metalworking and maintenance, repair and operating (MRO) products for industrial customers throughout the state of Michigan supports 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. Mr. Shindorf will serve as the company’s 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 http://stonefoxventures.com. For information on Conical Tool Company, please visit http://conicalendmills.com.