**Honing Machine Tool & Abrasive Manufacturer Strengthens Hardinge's Portfolio**
Berwyn, PA USA & Ashland, OH USA (August 31, 2021) – Hardinge Inc. ("Hardinge") and Ohio Tool Works, L.L.C. ("OTW"), have finalized an agreement under which Hardinge has successfully acquired OTW. This acquisition bolsters Hardinge's existing portfolio with OTW's cutting-edge honing machines, tooling, and abrasive solutions, further solidifying their position as a premier provider of high-precision machine tools.
OTW specializes in designing and manufacturing both standard and custom honing systems for a wide range of industries, including industrial, aerospace, defense, and metalworking. Their innovative solutions cater to clients who require precise finishes for mission-critical products like aerospace components and high-pressure cylinders, ensuring superior performance and reliability.
"OTW is renowned for its advanced honing technology and market-leading innovations," stated Ryan Levenson, Hardinge CEO. "Their expertise aligns perfectly with Hardinge's dedication to delivering top-tier precision machinery. By integrating OTW into our global network, we aim to expand their reach and enhance their capabilities on a worldwide scale. We’re thrilled to welcome the OTW team into the Hardinge family and look forward to leveraging their strengths to drive future growth."
The transaction was facilitated by Artemis Capital Partners ("Artemis"), a Boston-based private equity firm known for investing in exceptional Industrial Tech businesses. James Ward, a partner at Artemis, remarked, "We're incredibly proud of what OTW has achieved alongside Artemis. With its unwavering focus on innovation, customer satisfaction, and quality, OTW is exceptionally poised to thrive within Hardinge’s expansive ecosystem. This merger represents a seamless strategic fit, and we couldn’t be more excited to support their continued success."
**About Hardinge**
Established over 125 years ago, Hardinge, Inc. stands as a trusted global leader in providing high-precision, computer-controlled machine tools and advanced workholding solutions. Their extensive product lineup includes lathes, grinders, machining centers, collets, chucks, and various workholding devices, catering to sectors such as aerospace, agriculture, automotive, healthcare, and more. Headquartered in Berwyn, PA, Hardinge operates manufacturing facilities across North America, Europe, and Asia, serving clients in over 65 countries. Learn more at [hardinge.com](https://www.hardinge.com).
**About OTW**
Ohio Tool Works (OTW), headquartered in Ashland, OH, is a premier manufacturer of industrial honing equipment, tooling, and abrasives. Renowned for its tailored honing solutions, OTW serves major players in the tubing, cylinder, aerospace, defense, and metalworking industries. Discover more at [www.ohiotoolworks.com](https://www.ohiotoolworks.com).
**About Artemis**
Artemis is a specialized private equity firm dedicated to acquiring and fostering Industrial Tech firms that contribute to creating a healthier, safer, and more interconnected world. Find out more at [www.artemislp.com](https://www.artemislp.com).
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