United Precision Cutting Technologies of the Greater Toronto Area continues its expansion with the purchase of Wades Bindery Repair Service Ltd. based in Cambridge, Ontario.
Wades Bindery Repair Service has specialized in sales and service of finishing equipment since Wade and Mary Sears founded the company in 1986. Brothers Wade and Dwane Sears are to continue on with United Precision in key roles, providing years of finishing expertise in the Canadian printing industry.
“Wade is Grandpa Baum,” says Mitch Rich, President of Duracut Machine Knife Company Ltd. and majority owner of United Precision, “A true and true folder guy who will pass his knowledge on to us, as well as doing what he loves best and that is seeing his customers.”
Rich founded Duracut Machine Knife Company Ltd. in 1997 at age 27. In late-2010, in an effort to thwart economic upheaval hitting North American manufacturing, he began to merge Duracut with three other companies, first bringing in United Press & Bindery, followed by Precision Systems and then Graphic Equipment and Machinery in 2012.
Rich holds majority ownership in the combined companies, now operating as United Precision. He then started up a fifth business arm, called Master Machinery Movers Inc., to end the high costs of outsourcing tricky rigging and transportation of heavy equipment.
United Precision, because of its diverse service offerings and specialized machine shop (developed by Duracut), sits in a unique position in Greater Toronto’s large manufacturing sector. Rich says the overall company has tripled in growth since 2008. The purchase of Wades Bindery adds to United Precision’s portfolio, as Rich explains, “This gives us a full rounded service in print finishing equipment.”