1
   
                                                                    EXHIBIT 23.2
    
 
   
                        CONSENT OF INDEPENDENT AUDITORS
    
 
   
     We consent to the reference to our firm under the caption "Experts" and to
the use of our report dated September 12, 1996, except for Note 17, as to which
the date is November 6, 1996, in Amendment No. 1 to the Registration Statement
(Form S-4 No. 333-17305) and related Prospectus of International Knife & Saw,
Inc. for the registration of $90,000,000 of its 11-3/8% Senior Subordinated
Notes due 2006.
    
 
   
                                          /s/ ERNST & YOUNG LLP
    
 
   
Cincinnati, Ohio
    
   
January 27, 1997