Starrett Acquires Tru-Stone Technologies, Inc.
ATHOL, MASSACHUSETTS U.S.A. (August 18, 2006) - The L.S. Starrett Co. recently announced they acquired the assets of Tru-Stone Technologies (Waite Park, Minnesota U.S.A.). Tru-Stone Technologies is a world leader in providing high precision, custom engineered granite machine bases and accessories to leading manufacturers of inspection / measurement equipment and other industries. The acquisition will provide synergistic opportunities for Starrett to diversify its customer base, broaden the array of custom granite solutions for industry, and leverage its global brand strength.
Tru-Stone services a number of industries, including semiconductors, flat panel displays, advanced microelectronics, aerospace, automotive, medical, optical and general industrial. They are well known by their customers for providing outstanding service and technical engineering support.
Mr. Douglas A. Starrett, President and CEO for Starrett, said, "We're excited about the acquisition of Tru-Stone and the strategic fit that it provides our company. Tru-Stone will dovetail nicely with our existing business and compliment our reputation for providing the finest in precision measuring instruments to fulfill industry's most stringent demands."
Mr. Starrett continued, "While Tru-Stone is not immune to offshore competition, it is insulated to some degree with a high content of engineered design, and close working relationship with customers."
Tru-Stone brings 46 years of developing proprietary processing and finishing techniques, earning them recognition as a leading industry provider of high precision, custom requirements using granite as a primary material. They make custom-engineered granite, ceramic and carbon fiber bases and accessories that are incorporated into inspection and measuring equipment. Tru-Stone, which was privately held by shareholders of St. Cloud Industries Inc., employs 94 employees in the 90,000 square foot Minnesota plant.
Since it's founding nearly 125 years ago, The L.S. Starrett Company has earned a reputation as the world's pre-eminent supplier of precision measuring tools and equipment. For more information about the Tru-Stone Acquisition and Starrett, please contact The L.S. Starrett Company at 978-249-3551 or online at www.starrett.com.
Editorial Contact: Michael McCue
McCue & Associates LLC
Contact: Douglas A. Starrett