TGW, which was founded in Sheffield, England, in 1908, delivers expert European craftsmanship to OEMs across industries and is widely-recognized as a global leader within the knife manufacturing field. In 1993, the company established TGW International to expand its business to North American markets. In 2011 TGW opened its manufacturing facility in Indore, India. Today, TGW employs 160 people globally and has offices in Sheffield; Wilder, KY; Chicago, IL; and India.
CEO and Chairman Richard Wolstenholme and President Jeff Litmer – who have both helped TGW grow into the successful international business they are now – will transition oversight to TGW’s existing management team, which is led by Steve Corbett in the UK and Tim White in the United States.
“Few companies have accomplished more and created a stronger brand within the industrial knives manufacturing space than TGW,” says Michael Ranson, Partner at Blue Wolf. “We are thrilled to welcome TGW into the Blue Wolf family and look forward to working with the team to build on the company’s legacy and continue to grow the business.”
“TGW is excited to embark on this next chapter in our long, storied history and think Blue Wolf will be a great partner in this,” adds Steve Corbett, COO of TGW. “We are fortunate enough to have many growth opportunities in our future, and Blue Wolf shares our vision of continuing to grow and evolve as a company. With this new partnership we will continue investing in new products and providing excellent service to our valued customers.”
“Through its exceptional leadership team and dedicated employees, TGW has fostered a culture of knowledge leadership and superior quality, along with a strong track record of results,” says Rick Tattersfield, Operating Partner at Blue Wolf. “The team has developed an extensive network of loyal customers and vendors, with best-in-class manufacturing and customer experience, and we are confident that even more success can be realized in the years to come.”
Blue Wolf’s acquisition of TGW is the third investment by Blue Wolf Capital Fund IV, L.P., which began investing in January 2018.
More info: https://tgwglobal.com/