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Ewag USA moves into United Grinding Technologies.

Back at the end of 1999, Korber A.G. (Hamburg, Germany) through its grinding machine "circle" of companies, Schliefring Group, acquired more than three quarters of the shares of tool-and cutter-grinding-machine builder Ewag A.G. (Etziken, Switzerland).

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
Geographic Code:1USA
Date:Aug 30, 2002
Previous Article:Hitachi Seiki files for bankruptcy.
Next Article:A grinding-machine tie-up.

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