Ceratizit USA to acquire Best Carbide Cutting Tools
Ceratizit USA Inc. has signed an agreement to acquire a majority stake of Best Carbide Cutting Tools.
“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,” said Jacques Lanners, co-chairman of the Ceratizit executive board.
Best Carbide Cutting Tools is a manufacturer of solid carbide round cutting tools located in Rancho Dominguez, California, and currently has about 90 employees.
“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," said Mark Nunez, president of Best Carbide. "For the first time in its 37-year history, Best Carbide becomes part of a global cutting tool organization. We believe this will have substantial benefit for Best Carbide’s stability, growth and advancement.”
Financial details were not disclosed.
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