WINDSOR, ONTARIO (Oct. 3, 2:20 p.m. ET) — Toolmaker Unique Tool & Gauge Inc. has purchased Gauge Rite Inc. in a deal that will allow the Windsor-based company to expand its product offerings.
Gauge Rite is a maker of tooling gauges and fixtures. Unique Tool President Darcy King said in a Sept. 29 news release that his firm's customers had been asking it to build gauges, but the company did not have the capability on its own. The companies did not disclose the purchase price.
Gauge Rite will operate as a wholly-owned subsidiary of Unique and remain in Windsor with its existing 10-person staff. King said he does not expect the acquisition will impact the employee base at either location.
Unique has been steadily adding workers for the past 12 to 18 months and now has 90 employees, up from 65. The company specializes in auto tooling, including aluminum molds for high volume injection molding applications.