On Sept. 14, Luxembourg-based CERATIZIT announced that is has acquired all shares of Xceliron Corp., a Chatsworth, California-based round tool manufacturer that provides special solid carbide tools for the aerospace and automotive industries.
Financial details were not disclosed.
“With its high-quality speciality products, the Xceliron portfolio is an ideal complement to the standard products from our Sacramento site and an important building block for our global growth strategy,” said Mirko Merlo, President Americas at CERATIZIT. “Xceliron’s strong foothold in the aerospace industry not only provides CERATIZIT with a launch pad to tap into new customer groups, the company’s expertise in the field of special tools also opens new opportunities to offer CERATIZIT customers in North America an even more comprehensive range of tooling solutions in the future.”
CERATIZIT also announced that Xceliron Corp.’s current management will be retained.
“We are very pleased that Randy Jones and Ric DiOrio will continue the successful management of Xceliron and act as Co-Managing Directors,” said CERATIZIT Executive Board Spokesman Andreas Lackner.
The news comes less than a month after CERATIZIT announced it had acquired 70% of all shares of China-based Changzhou CW Toolmaker Inc.