6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Tyrolit Group will operate the business under the name Cincinnati Tyrolit. Cimform is a North American producer of vitrified and resin-bonded grinding wheels with advanced conventional, synthetic and super abrasive technology. Employing about 180 people, it is based in Cincinnati, with a satellite operation in Nogales, Sonora, Mexico. The unit had sales of approximately $30 million in 2003.
The grinding wheel business is the last of Milacron's discontinued metalworking operations to be sold. In 2002 and 2003, the company divested its other metalcutting tool businesses in support of a long-term strategy to build on its position as a global supplier of plastics processing technologies and industrial fluids.
'We are pleased to have found a strategic buyer who values our people and intends to grow the business,' said Ronald D. Brown, Milacron's chairman, president and CEO. 'We thank everyone at Cimform for their hard work and dedication over these many years, and we look forward to a continuing relationship with them as a premier supplier of abrasives.
'We are now totally focused on plastics technologies and industrial fluids. All of our resources are committed to finding better ways to serve our plastics and fluids customers worldwide and extending our market leadership in these two core businesses,' Brown said.