October 30, 2015

Techniks Industries announced the acquisition of
O Saw and Tool, LLC (DBA “RKO Saw”).

Indianapolis, IN, October 30, 2015 – Techniks Industries, a leading provider of tooling solutions for the metalworking and woodworking industries, today announced the acquisition of O Saw and Tool, LLC (d/b/a “RKO Saw”). The acquisition of RKO Saw’s manufacturing and service facility, located in Cullum, IL, expands and enhances Techniks Industries’ service footprint and capabilities available to its customers located in Illinois, Wisconsin, Iowa, and Indiana and adds critical manufacturing and service capacity to the company’s diamond and carbide tool product segments.

Founded in the early 1970’s by Roger, Kenny, and Oswald (Ernie) Wiesner, RKO Saw has always been known for providing leading edge diamond and carbide cutting tool solutions. RKO also offers repair and sharpening services. The leadership team of RKO Saw, Carey and Ron Wiesner, will join the Techniks industries’ management team as General Manager of RKO and Production Manager of RKO, respectively.

“It is my desire to see that our employees and customers join with an organization that recognizes and values the long-term relationships we have developed. The partnership with Techniks Industries is the most beneficial relationship we can provide for the future our employees and customers. We are excited to provide the enhanced products and services we can now offer by joining forces with Techniks Industries,” said Carey Wiesner.

Greg Webb, President and CEO of Techniks Industries, added, “The addition of RKO Saw to the Techniks Industries family of market-leading brands extends our coverage area and will enhance our customer’s service and support experiences.” He continued, “This partnership also offers significant synergistic opportunities to increase manufacturing and service capacities, improve efficiencies, and lower costs. We are excited to welcome RKO’s employees into the growing Techniks Industries family. We are equally excited that Carey and Ron Wiesner will remain with the organization in key positions to assist in the future growth of the business. We look to gain from their deep industry experience and production knowledge.”

Techniks Industries is a platform of industry-leading companies including Techniks, Inc., NAP GLADU, and RKO Saw.

About Techniks Industries

Techniks Industries is a fast - growing, energetic company focused on providing high-quality solutions that meet the needs of our customers. The combined resources of powerhouse companies including Techniks, NAP Gladu, and RKO Saw provides our customers with access to the very finest in innovative engineering and manufacturing, as well as the industry’s premier service network.