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Walter Acquires Melin Tool Co.

Walter has reached an agreement to acquire the Melin Tool Co., a privately-owned, Cleveland-based company and manufacturer of solid-carbide and HSS end mills, drills and countersinks.

Stratasys Appoints Yoav Zeif CEO

Stratasys Ltd., a global additive manufacturing and 3D printing technology company, today announced the appointment of Yoav Zeif as the company’s new Chief Executive Officer, effective Feb. 18, 2020. Current Interim CEO Elchanan (Elan) Jaglom will continue in his role as Chairman.

U.S. Cutting Tool Orders Up 10.2% In October from September

October 2019 U.S. cutting tool consumption totaled $216.1 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 10.2 percent from September's $196 million