Ostrem Tool Company was founded by Duane
Ostrem and Ken Bolds in 1989. The company started in the basement of Ken’s house and relocated to a 2500sf
facility in 1991. A 2000sf addition to the building was completed in 1992 and a 2500sf addition to the
building was completed in 1994. The first fully automated CNC was purchased in 1996 and we thought that was
the only CNC that would ever be needed. Another 4000sf addition to the building was completed in 1999 which
made an 11,000sf facility that was our home for the next 9 years. OTC became ISO 9001 certified in 1998 and
by the end of 1999 we had 8 fully automated CNC machines and dozens of manual
In 2003 Duane Ostrem sold his portion of the
company to Ken Bolds, Heath Bolds and Lynn Center. Ken Bolds is one of the founders and is currently working in
sales. He is very proud and very demanding of his company and does whatever it takes to improve his company and
satisfy our customers. He has 35 years experience in the manufacturing aspect of the business, especially in the
OD and prep-work area of our shop. Heath Bolds is Ken’s son and currently runs the day to day operations. He has
a mechanical engineering degree from Clemson University and has been working with his father for the past 15
years. During this time he has become very knowledgeable about the operations, setup, and production
capabilities of the machines. Lynn Center started with the company a few months after its inception and is
currently the production manager. He is credited with bringing Ostrem Tool into the new age CNC way of thinking.
He has 25 years of manufacturing experience and is also very knowledgeable about the operations, setup, and
production capabilities of the machines.
Our first CNC OD machine was purchased in 2003. In 2008 we upgraded to a 36,000sf facility. We currently
have 21 fully automated CNC cutter-grind machines, 8 fully automated CNC OD machines, 10 manual OD
machines, 3 centerless grinding machines, and various other manual machines. Ostrem Tool Company currently
employs approximately 65 employees. We plan to continue to grow and continue to invest in the people,
technology and resources that enable us to provide world-class, solid carbide cutting tools at a competitive price
with on-time delivery.