"XCAL TOOLS will bring tremendous capabilities and increase our product offerings of cutting tools, with new hard facing capabilities, in agriculture, forestry, mining, tunnelling and construction industries serving North America," Calandra said. "All products will retain their product name and we will be producing the same quality products made by quality people."

This re-branding will not affect or delay any current business and will continue as usual. "Our focus and commitment to you remains guided by three words; safety, service and innovation," he said.

"Thank you for your support. We are excited for our new look, the new year and the new ways to better serve you."