Ewag USA moves into United Grinding Technologies.
Upon joining the Schliefring, which also includes producer brands Studer, Blohm,Jung, Magerle, and Schaudt Mikrosa BWF, the Ewag operation retained its staff including its U.S. sales subsidiary in North Kingstown, R.I. Now that will change.
United Grinding Technologies Inc., near Dayton, Ohio, the U.S. subsidiary of the Schliefring, has announced that it will acquire the Rhode-Island-based Ewag USA and merge its operations into UGT. Terms of the merger of the U.S. subsidiaries were not disclosed; the deal will be completed by year's end.
In a statement, UGT president and CEO Rodger Pinney says the merger affords his company the opportunity to continue to grow and realize a vision of being a supplier of total grinding solutions. Ewag machines specialize in production of rotary tools and indexable inserts of tungsten carbide, polycrystalline diamond, and polycrystalline boron nitride.
United Grinding Technologies Inc., Miamisburg, Ohio. 937-847-1222.
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|Publication:||Metalworking Insiders' Report|
|Date:||Aug 30, 2002|
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