AME Completes Asset Purchase of Metalcut |
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Advanced Machine & Engineering Co.
2500 Latham St.
Rockford, IL, 61103
USA
 
Press release date: September 30, 2010
Global leader in carbide sawing systems acquired by leading machine tool component and carbide saw machine manufacturer
Advanced Machine & Engineering (AME), the Rockford, Illinois-based manufacturer of various machine tool components and auxiliary equipment, today announced the asset purchase of the Metalcut Carbide Saw Division of Centro-Metalcut, also of Rockford and a longtime global industry leader in the design and manufacture of heavy-duty carbide sawing systems for the metalcutting industries.
AME is also a leading global manufacturer of carbide sawing systems, under its popular AMSAW® brand name. AMSAW systems are found in forge, metalcasting, service center and primary producer operations, anywhere large or continuous sawing is performed. The acquisition of the Metalcut carbide saw line represents a substantial expansion of the company's capabilities in the world market.
This purchase will transfer the complete sawing machine technologies, engineering data, inventory, spare parts and service operations for all Metalcut carbide saws to AME. Steve Swanson, the business unit manager for the carbide saw machine division of AME, will assume oversight responsibility for the Metalcut product line, allowing a seamless transition for all existing customers and immediate access to the Metalcut carbide saw line for all new AME accounts. AME has worldwide sales and service locations already in place to accommodate all customer requirements, according to Greg Champion, vice president of sales & marketing for the company.
Centro-Metalcut will continue to manufacture and market all other product lines in its offering, including hot and cold abrasive saws, conditioning grinders and materials handling equipment.
Dietmar Goellner, AME president and CEO, and Danny Pearse, CEO of Centro-Metalcut, agreed to the purchase terms on September 24, 2010.
For more information, please contact:
ADVANCED MACHINE & ENGINEERING 2500 Latham Street Rockford, IL 61103 Toll-Free: 800-225-4263 Phone: 815-962-6076, ext. 270 Direct: 815-316-5270 Fax: 815-963-4703 Attention: Steve Swanson, Sales Manager, Machine Division Email: steveswanson@ame.com Web: www.ame.com
Advanced Machine & Engineering Co., is a manufacturer located in Rockford, Ill., serving the Machine Tool Industry with precision components and accessories, including spindle interface components, workholding devices, and, through our sister company, Hennig, machine enclosures, chip removal and filtration systems. The Fluid Power - Safety markets are served with cylinder rod locks and safety catcher devices; and the Production Saw market with our AmSaw carbide saw machines and Speedcut blade products. AME has manufacturing partners and customers around the world and across the U.S. To learn more, visit www.ame.com.
Hennig, Inc. designs and produces custom machine protection and chip/coolant management products for state-of-the-art machine tools. Hennig products are designed to protect against corrosion, debris and common workplace contaminants. Manufacturing facilities are located in the U.S., Germany, France, Czech Republic, Brazil, India, Japan, China and South Korea. Repair centers are located in Machesney Park, IL; Chandler, OK; Livonia, MI; Blue Ash, OH; Mexico City, Mexico; and Saltillo, Mexico. To learn more, visit www.hennigworldwide.com.
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