Ceratizit purchases Californian tool manufacturer Promax

April 15, 2014

Ceratizit, the Plansee Group’s carbide specialist division, has acquired a majority interest in Promax Tools L.P, a tool manufacturer based in Rancho Cordova, California, USA.

PROMAX_Exterior

The Promax facility in California

Promax Tools L.P, located some 150 km north-east of San Francisco, is a specialist manufacturer of carbide drills and cutting tools with 70 employees. Ceratizit’s acquisition of 80% of the company’s shares was completed on April 11, 2014 with both parties agreeing not to disclose any financial details of the transaction.

“This acquisition further consolidates our position in the carbide tool sector, both in the United States and worldwide,” stated Ceratizit Co-CEO Jacques Lanners. Ceratizit had already acquired an interest in German tool manufacturer Günther Wirth back in 2012, putting the Group in a position to cover every stage of the production process from powder to tool blanks and custom-made coated round tools such as drills and cutting tools.

The Promax customer base includes end customers from the Californian aviation industry and a range of commercial enterprises active throughout the United States. Nancy Owens, President of Promax Tools stated, “In Ceratizit, we have gained a partner with a well-established profile in the States and a long-standing reputation for innovation and product quality.”

www.ceratizit.com 

Powder Metallurgy Review magazine cover

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Hot Isostatic Pressing for the production of large, near-net shape components
  • Safeguarding PM part usage in a new automotive industry
  • How to make metal powders., Part 3
  • Company profile: Jiangxi Yuean Advanced Materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link