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Machine Tool Builder Maxcor Continues Portfolio Expansion

Maxcor Inc., New York, NY, announced that it will buy the Ex-Cell-O group of companies from IWKA. The acquisition will expand Maxcor’s portfolio to 11.

Ex-Cell-O, a global producer of machine tools and systems, specializes in manufacturing solutions for automotive chassis and powertrain components. The acquisition includes operations in five countries Germany, U.S.A., U.K., France and China. In 2005, Ex-Cell-O generated sales of about $190 million.

With the acquisition of Ex-Cell-O, Maxcor’s portfolio revenues are approximately $1.2 billion.

The acquisition is part of Maxcor’s overall strategy to create a global engineering, manufacturing and customer service group. The Ex-Cell-O acquisition closely follows two other major acquisitions: the global operations of ThyssenKrupp’s Metalcutting group in November 2005, and UNOVA’s Cincinnati Lamb companies in April 2005.

Ex-Cell-O will join Maxcor’s MAG Industrial Automation Systems (MAG) group in the first quarter of 2006. Today, MAG companies include CL Automation, Cincinnati Machine US, Cincinnati Machine UK, CrossHuller Lamb, Fadal Machining Centers, Giddings & Lewis, Hessapp, Huller Hille, Witzig & Frank and Maintenance Technologies Group.

As a machine tool builder, MAG companies work directly with major automotive and powertrain companies as well as with tier suppliers on the latest developments in engine and powertrain technologies including Ford, DaimlerChrysler, General Motors, Volvo, Toyota, Hyundia, Kia, Caterpillar, Cummins, International Truck and Engine, and DAF.

In aerospace, MAG provides composites and metalcutting technologies to large commercial and military aircraft manufacturers including Boeing, Airbus, Lockheed, Vought and Alenia.

MAG also sells metalcutting equipment to the global general machining industry, from small “standard” machining centers to very large, special purpose machining systems.

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