Jims Machining Tools Company acquires American Machine Tools for $1.2B

JIMS Machining Technologies (JIMS) today announced it has acquired American Machine Products (AMP), a maker of high-end machine tools and components for industrial customers.

The acquisition is expected to close in the fourth quarter of this year. 

The acquisition includes the JMS Manufacturing, LLC manufacturing and sales team, along with additional employees. 

AMP was founded in 2003 and has been operating in the United States since 2007. 

AMP has developed and produced some of the world’s most advanced and innovative industrial machinery and tools, including: the BOLT-5, BOLTS, BOM, BOOST, BORING, BOBE, BOT, BEH, BEHR, BEZEL, BZ-10, BZE, BZZ, BLAZE, BLADER, BULB, BULLSHOT, BUPID, BRIDGE, BUCKLE, CHAMBER, CHAMPION, CHIMA, CHINO, CLUB, COMPANION, COMBINE, CUBAN, CUELL, DUKE, FUZE, GIGANTIC, GLOCK, GLOB, GREASE, HALF-MOON, HARDY, HARRIS, HALO, HYBRID, KIDDIE, LASER, LUCAS, MAC-11, MACHINE, MAGNUM, MEDIUM, MIG, MUG, MINIATURE, MONKEY, MUNITAS, OBLIGATORY, PADDLE, POLARIS, PEACE, PROFESSIONAL, RABBIT, RADAR, RIDGEON, RAY, SALMON, SECURITY, SHARPEN, SHOTGUN, SLAYER, SIX-GUNS, SPEEDWAY, TOWIE, TRAVELING, VERTIGO, WOODEN, and WEAPON. 

“We are excited to bring the JIMs brand of high performance industrial machinery to our customers, and look forward to working with AMP and JMS as they expand our product offerings,” said Jim Hirsch, president and CEO of JMS. 

JMS has grown rapidly in the last decade and has achieved significant growth, especially with the introduction of its latest product line: the BOLTs. 

Its BOLOTS line has seen a phenomenal increase in market share in recent years. 

In 2017, JMS’ revenue from all product lines rose to $1,965 million from $822 million. 

BOLT, the company’s top selling product, is the industry leader in the BULT-10 line, with more than 25 million units sold in 2018. 

Other popular BOLTR-10 models include the BORINGS line, BOTH-MOUSE, BOW LIFT, BORDERLINE, BOX BOLOT, BOXED BOL TOW, CATALOG, CATARACT, CHECKER, CLAWL, COMBAT, COMPUTER, COOK, DASH, DRILL, DROP, FLIP, HANG, HORN, KEYBOARD, KNIFE, LOOP, MARINE, METAL, MASSIVE, MOLE, MOVE, NAVIGATE, OIL, PICK UP, PISTOL, REVOLVER, ROCKET, RACK, SHELL, SKULL, SLEEVE, SLING, SPADE, STEEL, STAINLESS STEEL/BLACK, STRONG, STRENGTHEN, TRIM, TUNER, WATER, WALKER, XBOX, and ZBOX. 

For more information about JMS Machining Products, visit www.jms.com. 

About JMS Machine Tools, Inc.JMS Machine Products, Inc., based in Poughkeepsie, New York, manufactures and markets high-quality industrial tools and machine tools.

For more information, visit www.jmwparts.com

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