Corridor Capital LLC Acquires Specialty Manufacturing Companies

Corridor Capital LLC located in Los Angeles, celebrated the New Year early with the acquisition of three specialty manufacturing companies from Churchill ESOP Capital Partners on December 21, 2012. In the transaction, Corridor acquired Wetmore Tool & Engineering, Inc. (“Wetmore”), US Industrial Tool & Supply, Inc. (“USIT”), and Arvan, Inc. (“Arvan”).  Founded in 1950 and located in Chino, California, Wetmore is a market leader in specialty cutting tools, drill bits and fasteners serving customers in the aerospace, automotive and industrial markets. Wetmore manufactures both custom and standard cutting tools and related products under the HP Manufacturing, Wetmore Cutting Tools and California Associated Products brands.

Source: U. S. Industrial Tool & Supply, Inc.

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