A Gloucestershire-based tool supplier has acquired a local competitor. Stroud-based C R Hollands Industrial Supplies has completed a deal with Gloucester’s Concept Tooling UK for an undisclosed sum.
C R Hollands has been providing precision engineer clients across the UK with equipment since it was established in 1975. It has now added family-run Concept Tooling to the group. Formed in 2003, the business specialises in cutting tools such as specialist carbide cutters, drills, milling cutters, turning tools, brazed tooling and special inserts.
C R Hollands said the deal would enable it to have “a much broader range” of products and suppliers, as well as a larger customer base.
