Industry News

Sandvik said it has completed the previously announced acquisition of Almü Präzisions-Werkzeug GmbH (Almü), a Germany-based cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems.

Continuim Equity Partners has sold Anker Industries, a leading manufacturer and distributor of metallurgical additives that Continuim acquired in 2021, to Opta Group, a portfolio company of Speyside Equity Advisers.

In a dynamic progression through recent years, Acu-Rite, a leader in DROs, CNC, encoders and accessories said it has consistently advanced despite global changes, reinforcing its commitment to machinists nationwide.

Improved material utilization, lower weight, less climate impact and simpler production, these are all reasons for the car industry’s interest in press-hardened body components made of large blanks consisting of many smaller welded parts.

Okuma America Corp., has named new personnel appointments to "direct and support" the company's strategic growth initiatives in the Americas.

In a highly anticipated return to Chicago this spring after a five-year hiatus, Automate—the largest robotics and automation trade show in North America—will set new show records for number of attendees and exhibitors.

In a move to strengthen its floor grinding & surface preparation business, the Tyrolit Group invests in German company Contec Maschinenbau & Entwicklungstechnik GmbH. Contec is a leading global supplier of state-of-the-art machines for surface preparation and finishing.

GF Machining Solutions has promoted Onik Bhattacharyya to the position of managing director and head of market region for North and Central Americas.

Walter is bringing together its global presence and the high level technical expertise and know-how of lightweight machining specialist FMT (Frezite Metal Tooling), under the new brand.

The global market for high speed steel (HSS) metal-cutting tools estimated at $11.3 billion in the year 2022, is projected to reach a revised size of $16.8 billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030.

Purchase of Ontario-based Canadian company supports the growth of MSC’s Metalworking presence in Canada.

Swedish startup PaperShell has developed a cellulose fiber composite that they refer to as “wood metal” and it can be formed into flat or complex-shaped components. 

HGG Profiling Equipment BV has named Mark Eastin as the area sales manager in the Western US, Western Canada, Alaska, and Hawaii regions.  

SMW Autoblok Group, a leader in the design and manufacture of rotational chucks, stationary workholding, tooling, automation, and custom engineered solutions for the machine tool industry, has appointed Larry Robbins as the company’s new President and CEO of their U.S, corporation

The Tyrolit Group said it is expanding its production site in Stans, Austria, and investing 15 million euros in a new, highly innovative production line.

Cutting tool supplier Sandvik Coromant hosted a Girls Take Over Tech open house to “inspire and educate young women and girls about exciting career opportunities in manufacturing.”

General Carbide Corporation, in partnership with Westmoreland County Forum for Workforce Development; held an exclusive student tour at its state-of-the-art manufacturing facility.

Genuine Parts Company, a distributor of automotive and industrial replacement parts, has appointed James F. Howe to the position of President, Motion, the company's industrial business, effective April 1, 2024.

Shelton Machinery has acquired Municipal Tool & Machinery, and launched a new parent company called TSM Group. TSM is the new parent of Shelton Machinery, Concept Machinery and Municipal Machinery.

Sandvik has signed an agreement to acquire Almü Präzisions-Werkzeug GmbH (Almü), a Germany-based cutting tools and solutions provider within high-precision drilling, reaming, milling and tooling systems.