Cutting tool manufacturer snaps up competitor

Sheffield cutting tool manufacturing group OSL Cutting Technologies has acquired one of its largest UK competitors, Universal Drilling and Cutting Equipment, also base in the steel city. The combination of the two businesses makes OSL one of the largest in the world in its market. OSL Cutting Technologies was founded in 2015 and last reported pre-tax profits of £525,000 on a turnover of £9.4m. The company forms part of the wider OSL Group.  The firm manufactures and distributes industrial hole cutting tools to a global market. T... For the full story register now for free or login below...
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