Fairport, N.Y. - November 1, 2005 - Today Parlec, Inc. announced the asset acquisition of Troughton & Simms Manufacturing. This acquisition continues to support Parlec's global mission in Europe of providing the highest levels of sales, service, and engineering support for its customers.
Troughton & Simms, a job shop located in Bristol, England adjacent to Parlec's European facilities, is a manufacturer of driven and static tooling products and components for the company.
"This acquisition will give Parlec Europe full control of manufacturing capacities and capabilities" commented Michael Nuccitelli, President and CEO of Parlec. "In addition, investments will be made to upgrade the facility in order to continue to offer our customers best in class product and customer service".
Parlec's new manufacturing additions will be located in the same facilities as the sales, service, and engineering operations and will be rolled under the Parlec Europe umbrella currently managed by Robert H. Miller, General Manager, Europe. Parlec has also added five new employees in order to strengthen the manufacturing and engineering capabilities and customer support services.
"Now there are local capabilities in place that allow Parlec to react quicker to our customer requirements and continue to have exemplary value added customer support around the globe" said Miller.
Parlec, Inc., the worldwide leader in tooling, workholding, and presetting solutions provides a complete line of products for manufacturing and has over 50 years of experience in CNC tooling innovation. Headquartered in Fairport, NY, USA, Parlec offers unmatched levels of technology and support on a global basis with sales, engineering, manufacturing, and service throughout North America, Europe and China. Parlec's product family includes solutions for toolholding, boring, tapping, driven & static tooling, presetting and workholding, which are comprised of over 8,000 individual products. For more information visit www.parlec.com