Home » Kennametal Agrees to Sell On Time Machining Company
Kennametal Agrees to Sell On Time Machining Company
June 18, 2008
Latrobe, PA-based Kennametal Inc. has agreed to sell On Time Machining Company to Kyocera Industrial Ceramics Corporation, Vancouver, WA.
OTM, based in Wapakoneta, OH, manufactures indexable cutting tools, including drills, aluminum cutting mills and counterbores. The acquisition will increase Kyocera's North American manufacturing capacity.
Kyocera Industrial Ceramics Corp., a subsidiary of Kyocera International Inc. of San Diego, CA, manufactures cutting tools and advanced ceramic components.
Kennametal supplies tooling, engineered components and advanced materials consumed in the production process.