Ceratizit has announced that its wholly-owned subsidiary Ceratizit USA, Inc. has signed an agreement to acquire a majority stake of the Californian solid carbide round cutting tool manufacturer Best Carbide Cutting Tools, LLC.
Best Carbide Cutting Tools, LLC is a manufacturer of solid carbide round cutting tools located in Rancho Dominguez, California, USA. The company is housed in a 46,000 ft2 state-of-the-art facility and currently has around 90 employees.
“Best Carbide Cutting Tools gives Ceratizit an exceptional chance to strengthen our network in the USA and build on nationwide top distributors. Best Carbide is known for the quality of its tools, with a strong focus on high-end micro tools,” stated Jacques Lanners, Co-Chairman of the Ceratizit Executive Board.
“Through this partnership, Best Carbide will have access to Ceratizit technologies and expertise that will help the company to improve its manufacturing process, technical capabilities and quality of tooling – with the goal of ultimately adding greater value for our customers. For the first time in its 37-year history, Best Carbide becomes part of a global cutting tool organisation. We believe this will have substantial benefit for Best Carbide’s stability, growth and advancement. The agreement is a win for both companies. Best Carbide Cutting Tools will continue to operate as it does today, but now with full support from the Ceratizit Group,” Mark Nunez, President of Best Carbide added.