People & Companies

Precision Cutting Tools, a U.S. carbide round tool manufacturer, and Haimer USA, a market leader in toolholding technology, have signed a U.S. licensing agreement for Haimer’s patented Safe-Lock anti-pullout system.

The Hexagon Manufacturing Intelligence Production Software business has hired new Account Manager Nicole Scott to oversee accounts for its metalcutting CAD/CAM customers in Texas and Oklahoma.

Sean Holt, head of sales area Americas for Sandvik Coromant, welcomes Annika Langéen to the vice president of marketing role for the Americas. Annika is responsible for the strategic direction of global marketing and brand positioning for the sales area.

Cameron Perkins is named director of business development – Eastern U.S.A. for Roush Yates Manufacturing Solutions (RYMS).

Halter CNC Automation B.V. from the Netherlands and Fastems Oy Ab from Finland have an intention to establish a joint venture, the Halter Group. Relevant parts of Fastems Systems GmbH related to R&D and production of the Halter LoadAssistant product range will be transferred to the newly… Read More...

Toolmaker LMT Tools and Liebherr-Verzahntechnik GmbH, a leading manufacturer of CNC gear cutting machines and automation systems, are collaborating to continue the success story of the patented ChamferCut method. The two technology partners signed a cooperation contract for the new ChamferCut-CG (… Read More...

L Squared Capital Partners and GWS Tool Group announced that L Squared has partnered with GWS management to recapitalize the GWS. Financial terms of the transaction were not disclosed.

Hyperion Materials & Technologies Inc. announced that it signed an agreement to acquire Arno Friedrichs Hartmetall GmbH & Co. KG and its affiliates (AFC), a global solutions provider in premium tungsten carbide blanks used in the manufacture of high precision rotary cutting tools for… Read More...

ARCH announced the appointment of Lori Lorant to the position of vice president human resources. Lorant has been with the organization for almost five years and has held the roles of employee relations manager and director of human resources prior to her promotion to vice president.

Methods Machine Tools Inc. announced that its board of directors has appointed Mark Wright as its president and CEO. Wright will assume all operating functions of Methods Machine Tools, including the Sudbury, Massachusetts, headquarters and all seven direct offices throughout the U.S., as well as… Read More...

Mobile Industrial Robots opened its largest office in North America to accommodate continued growth across the continent. The new two-building, 7,376-sq.-ft. office in Holbrook, New York, replaces the Danish company’s first international office, opened in the same city in 2016.

IBC announces that WIDIA Products Group, Latrobe, Pennsylvania, has joined the IBC industrial buying group as a preferred supplier. WIDIA is a leading manufacturer of precision metalcutting tools utilized in CNC machining operations.