Founded in 1931, Wallace Industries Inc. was formerly known as Wire Stripping Company. Based in Cleveland, Ohio, the company's two divisions; K.S. Machine and Dependable Tool enable it to be a one-stop manufacturer for all its clients machining requirements. It offers large lathe/boring mills, planers; computer numerically controlled (CNC) equipment, as well as turret/engine lathes. Some of the industries served include construction equipment, custom machine builders, engineering firms/prototypes, mining, plastic molding equipment and tube/rolling mill machinery. The company's vast array of stocked materials can provide quick turnaround for all its clients breakdown and production needs.