Tenex Capital Management Acquires NAP Gladu

New York, NY, August 1, 2012 – Tenex Capital Management (“Tenex”), the New York based private equity firm focused on middle market special situations investments, today announced the completion of its acquisition of NAP Gladu, the largest, most comprehensive source of quality cutting tools and services for the wood, metal and advanced materials industries in North America.

With more than seventy years of experience in helping its tenured blue-chip customer base lower their Cost Per Cut with extensive selection, reliable service, and top quality, NAP Gladu’s design and engineering staff leads the way in custom engineered and innovative cutting tool designs from diamond saw blades to insert tooling. NAP Gladu has twelve manufacturing and service sites located in the U.S. and in Canada, enabling the Company to offer its customers shorter lead times for new tools and faster service response times than its competitors.

“We believe the operating experience and strategic planning expertise provided by Tenex will advance our ability to grow the business, both organically and through strategic acquisitions. Additionally, the flexible capital structure and ability to fund capital equipment and machinery will allow us to continue to provide our customers with industry-leading service and product innovation,” said Bradley Stack, NAP Gladu’s President.

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