Unique Tool & Gauge Inc., a Windsor, Ontario manufacturer of both steel and aluminum molds for the automotive industry, announced the acquisition of Gauge Rite Inc., also in Windsor. Gauge Rite is a supplier of gauges and fixtures to Unique as well as other customers in the tooling and mold industry. Terms of the acquisition have not been disclosed.
Gauge Rite currently employs 10, which is not expected to change. Gauge Rite will continue to operate under the Gauge Rite name in its current location as a wholly owned subsidiary of Unique Tool & Gauge.
"I'm excited about this acquisition. Our customers have been asking us to build gauges and up until now, that business hasn't really been a part of our portfolio," said Darcy King, president of Unique Tool & Gauge. "Gauge Rite is a world-class supplier and together our businesses have a tremendous synergy." King added that it is Unique's intention to grow Gauge Rite's business as well as "maintain an outside supplier base for some of the gauges and fixtures we supply to our customers," added King.