OSG to acquire Contour from Torqx Capital-backed Diamond Tools.

OSG, a cutting tool manufacuturer specialized in the manufacture and sales of taps, drills, endmills, indexable tools, agreed to acquire Contour, a ultra-precision diamond point cutting tools, from Torqx Capital-backed Diamond Tools, a company that manufactures and distributes precision diamond and hard material tools. Financial terms were not disclosed. “We are excited about this new chapter for Contour. Partnering with the OSG will allow us to leverage their extensive expertise and resources to further enhance our product offerings and market reach. We look forward to a prosperous collaboration that will enable us to meet the evolving needs of our clients and maintain our leadership in the industry. I would also like to extend our gratitude to Torqx for their invaluable support over the past years," Bob Cassin, Contour CEO.