Tenex Takes Techniks, Merges with NAP GLADU

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.

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