Based in Chino, California, Wetmore Tool and Engineering is a manufacturer of adaptive shank drill technology, as well as fasteners, reamers and rivet shavers. The company specialises in cutting tools for hand-held skin-drilling applications performed by several global aerospace organisations.
The acquisition strengthens Dormer Pramet’s position and product offer within the aerospace industry, particularly in markets such as the US, Brazil, Canada, China, France, Italy and the UK.
Stefan Steenstrup, president of Dormer Pramet, says: “I am very pleased to have reached an agreement to acquire Wetmore Tool and Engineering, and we welcome them into the Dormer Pramet family. Wetmore has, for more than 60 years, been a leading supplier of quality cutting tools renowned for their precision and serviceability to the aerospace industry. Combined with a proactive approach to customer service, this makes the company an excellent fit both strategically and culturally with Dormer Pramet.
“We very much see this as business as usual for both companies as we continue to grow and expand our presence within the aerospace industry,” he adds. “It gives us significant brand recognition, not only in the US, but worldwide. Existing Wetmore customers will still receive the quality products and services to which they have become accustomed. In addition, they will now have access to Dormer Pramet’s range of solid and indexable cutting tools.
“Similarly, the Wetmore brand will become well known with Dormer Pramet customers around the world through our established global distribution and sales network.”
Jerome David, CEO at Wetmore Tool and Engineering, will continue in his position and play an important role in overseeing the transition as a member of Dormer Pramet’s senior management team.
As part of the acquisition, Wetmore becomes a product brand of Dormer Pramet, alongside its current Dormer, Pramet, Precision Twist Drill and Union Butterfield assortments.
