JPW Industries acquires Axiom Tool Group
JPW Industries, a manufacturer of metalworking and woodworking equipment sold under the Jet, Powermatic, Wilton, Edwards and Baileigh brands, recently acquired Axiom Tool Group.
JPW Industries, a manufacturer of metalworking and woodworking equipment sold under the Jet, Powermatic, Wilton, Edwards and Baileigh brands, recently acquired Axiom Tool Group.
Founded in 2014, Axiom is a designer of CNC machines and accessories sold under the Axiom Precision brand with operations in Westerville, Ohio, where its warehousing, customer and technical service will remain. Scott Leichtling, JPW’s CEO, says the transaction will help address a growing need among younger generations for machinery leveraging technology to improve accuracy, efficiency and safety.
“Axiom is a natural fit into the JPW family of brands, and we look forward to providing our customers with even greater access to the depth and breadth of high-quality CNC equipment. Axiom’s leading position in the growing CNC market perfectly complements JPW’s platform capabilities. We are eager to welcome the team, support the growth of the Axiom brand and to leverage JPW’s supply chain and customer service capabilities to improve the overall value proposition to our collective customer base,” Leichtling said in a statement.
Todd Damon, Axiom’s founder, will join JPW to support the growth and expansion of the Axiom brand.
“I am exceptionally proud of the loyal and entrepreneurial team responsible for our growth to date and feel confident that together with JPW’s platform and experience, we are well-positioned to continue to deliver exceptional products for our dedicated customers,” Damon said in a statement.
“Joining the JPW platform will help us beginning on day one as we enhance our product offerings and attract new consumers while propelling our growth within the CNC market.”
For more, visit jpwindustries.com and axiomprecision.com.
This article was originally published in the February 2022 issue.
