CERATIZIT acquires remaining shares of former Best Carbide
CERATIZIT Los Angeles is now 100% owned by the Group
CERATIZIT S.A. has acquired the remaining shares in CERATIZIT Los Angeles with effect from 1 June. The company, which is part of the Austrian Plansee Group, now holds one hundred percent of the Rancho Domingo, California-based subsidiary.
The CERATIZIT Group had acquired the majority of the shares in the company, which at that time was still called Best Carbide Cutting Tools, in early 2017. Today CERATIZIT Los Angeles, together with the sites in Warren, MI, Schaumburg, IL, and Rancho Cordova, CA, forms the Group's North American production network. As part of this, the site functions as a specialist for solid carbide tools and in particular high-end micro tools and serves customers throughout the Americas.
Mirko Merlo, President, CERATIZIT Group Americas, states, “The CERATIZIT Group acquisition of the remaining shares allows us to further expand our footprint and accelerate our growth strategy in the cutting tools market, specifically in high-end micro tools. As a reliable partner and industry leader, we will continue to deliver engineering knowledge and technical proficiency to assist our customers in driving productivity.”
Both parties have agreed not to disclose any financial details of the transaction.
Communiqués liés
Apex Group boosts Saudi team with appointment of key executi...
Leading global financial service provider Apex Group has grown its team in the M...
Gcore raises $60 million in series A Funding to drive AI inn...
Gcore, the global edge AI, cloud, network, and security solutions provider, toda...
Luxair sélectionne le plus gros modèle des Boeing 737 MAX ...
Boeing et Luxair annoncent aujourd'hui que le transporteur régional européen c...
Global Wealth Report 2024 - La croissance revient à 4,2%, c...
Partout dans le monde, les gens s'enrichissent progressivement, et pas seule...
Luxair et lux-Airport font face à une panne technologique m...
Luxair et lux-Airport souhaitent informer le public sur la panne technologique m...
Apex Group Americas continues to expand its business develop...
Apex Group Ltd. (“Apex Group”) – global financial service provider - has a...
Il n'y a aucun résultat pour votre recherche