Techniks Industries acquires Parlec tooling division
Techniks Industries, a provider of tooling solutions for the metalworking and woodworking industries, announced the acquisition of the tooling division of Parlec Inc.
Located in Fairport, New York, Parlec will retain its Presetter business under the Omega brand.
The acquisition expands Techniks Industries’ product offering of aftermarket machine tool accessories and enhances its manufacturing and distribution capabilities to distributors and OEMs located throughout North America. Techniks will continue selling Parlec-branded products and offering manufacturing quality and product development out of its Fairport location for Parlec customers.
"After almost 70 years in business, Parlec has become a leader in the toolholding, tapping and boring market in North America. I’m excited to see Parlec and Techniks become partners, as we share the vision to become the premier provider of aftermarket tooling solutions through high quality products, engineering and technical expertise, and customer service,” said Mike Nuccitelli, president and CEO of Parlec.
Vernon Cameron, president and CEO of Techniks Industries, stated, “With the addition of Parlec’s complimentary portfolio of innovative products, engineering capability, and unparalleled service, Techniks Industries will continue to provide superior machine tooling products, performance and value for all our customers. We are excited to welcome the Parlec team to Techniks and look forward to the next phase of growth.”