Alleghany Capital acquires CID Performance Tooling

Published: 24/06/2019
Alleghany Capital acquires CID Performance Tooling
Source: WWW.PEHUB.COM

Alleghany Capital has acquired a majority stake in Saco, Maine-based CID Performance Tooling , a maker of high-performance solid carbide end mills. No financial terms were disclosed. Also, Alleghany Capital has formed Precision Cutting Technologies , a new holding company for its subsidiaries in the machine tool and consumable cutting tool sectors.

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