Tenex Capital Management has acquired Techniks, an industrial tool holder manufacturer, and merged it with portfolio company NAP GLADU. The merged companies will form a new entity, Quintec, that will serve customers engaged in cutting and machining metal, wood, plastics and composites throughout North America’s industrial base. NAP GLADU and Techniks will operate as stand-alone companies within Quintec, and will give each other access to broader niches in the industrial sector and increase their end-user customer bases. Tenex acquired NAP GLADU in July 2012.
Industrial Supplies and Parts