Ceratizit USA, a subsidiary of the Plansee Group based in Schaumburg, Illinois, USA, has announced the acquisition of all shares of Xceliron Corp, located in Chatsworth, California. Xceliron specialises in manufacturing special solid carbide tools for the aerospace and automotive industries in the United States.
“With its high-quality specialty 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,” stated Mirko Merlo, President – Americas at Ceratizit.
This acquisition is expected to provide Ceratizit with the opportunity to tap into new customer groups and opportunities within the aerospace market, whilst also providing its North American customers with a more comprehensive range of tooling solutions.
THE WORLD OF POWDER METALLURGY TO YOUR INBOX
Subscribe to our weekly newsletter
The integration will reportedly be actively supported by the company’s founders. “We are very pleased that Randy Jones and Ric DiOrio will continue in the successful management of Xceliron and act as Co-Managing Directors,” commented Andreas Lackner, Executive Board Spokesman, Ceratizit.
In a joint statement, DiOrio and Jones shared, “We are thrilled to have found the right partner in Ceratizit to take Xceliron to the next level and build on our heritage. Long-term thinking and creativity are two of the values that have also been at the core of our business over the past thirty-three years.”
Xceliron has over thirty-three years of history as a precision cutting tool manufacturer and solution provider, offering solutions for difficult-to-machine parts in the aerospace industry, as well as commercial and automotive sectors.
“This acquisition strategically positions us to better serve our customers with an expanded range of custom tooling solutions, specifically tailored to meet the demanding requirements of the aerospace industry. We are eager to leverage Xceliron’s expertise and reputation for precision to drive innovation and excellence in round tools,” Merlo added.
Both sides have agreed not to disclose the financial details of the transaction.