**Honing Machine Tool & Abrasive Manufacturer Joins Hardinge’s Expanding Portfolio**
**Berwyn, PA USA & Ashland, OH USA (August 31, 2021)** — Hardinge Inc. ("Hardinge") and Ohio Tool Works, L.L.C. ("OTW"), have successfully finalized their acquisition agreement, with Hardinge taking full ownership of OTW. This move significantly bolsters Hardinge's existing lineup of high-precision machine tools and workholding solutions by adding OTW's robust offerings in honing machinery, tooling, and abrasives.
OTW specializes in creating both standardized and customized honing systems designed for clients spanning multiple industries, including industrial manufacturing, aerospace, defense, and metalworking. Their cutting-edge honing solutions are crafted to ensure that even the most critical components—such as aerospace parts or high-pressure cylinders—are finished with the utmost precision, guaranteeing optimal performance and reliability.
"OTW is renowned not only for its advanced honing technology but also for its groundbreaking innovations," remarked Ryan Levenson, Hardinge’s CEO. "Their expertise aligns perfectly with Hardinge's commitment to delivering top-tier precision machining solutions. By integrating OTW into our global operations, we aim to expand their reach while fostering growth within these product lines. We’re thrilled to welcome the OTW team aboard and look forward to achieving great success together."
Prior to this acquisition, OTW was owned by Artemis Capital Partners, a Boston-based private equity firm dedicated to investing in exceptional Industrial Tech businesses. James Ward, a partner at Artemis, expressed pride in OTW's achievements during their partnership. "OTW has consistently demonstrated an unwavering dedication to innovation, customer satisfaction, and excellence. Combining forces with Hardinge positions OTW to capitalize on expanding opportunities in the global honing market. This merger feels like the perfect next step, and we couldn’t be prouder to see it unfold."
**About Hardinge**
Hardinge, Inc., established over 125 years ago, stands as a trusted leader in providing high-precision CNC machine tools for intricate metal parts along with advanced workholding accessories. Their comprehensive range includes lathes, grinders, machining centers, chucks, collets, index fixtures, repair kits, and numerous other essential components. These tools serve various sectors like aviation, agriculture, automotive, construction, healthcare, energy, tech, and transport. Operating globally from locations across North America, Europe, and Asia, Hardinge continues to innovate and deliver value to its extensive client base. Learn more at [hardinge.com](https://www.hardinge.com).
**About OTW**
Ohio Tool Works (OTW), headquartered in Ashland, Ohio, leads the way in producing industrial honing equipment, tooling, and abrasives. Trusted by major players in tubing and cylinder manufacturing worldwide, OTW tailors its honing technologies to meet diverse needs across industries such as aerospace, defense, and metal processing. Discover more at [www.ohiotoolworks.com](https://www.ohiotoolworks.com).
**About Artemis**
Artemis is a boutique private equity firm specializing in identifying and partnering with unique Industrial Tech firms whose innovations contribute to building a smarter, safer, more interconnected future. Explore their vision at [www.artemislp.com](https://www.artemislp.com).
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