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Jones & Shipman sold to Hardinge.

Grinder builder Jones & Shipman has been building machine tools in the United Kingdom since 1899 under various owners, in recent years including Korber Schleifring, Renold Group, and Precision Technologies Group Ltd. Last month the Leicester-based firm was acquired by Hardinge Inc. (Elmira, N.Y.), which itself is in the midst offending off a takeover attempt by Brazilian builder Romi (see pl). The purchase price is 2-million pounds, about $3-million, and Hardinge intends to continue operations in Leicester while putting J&S into its Kellenberger grinding-machine division.

Hardinge CEO Richard Simons says that Jones & Shipman products, including conventional and superabrasive machines for surface, cylindrical, and creep-feed grinding, will assist Hardinge expand its Asian market presence. And in its home market, Jones & Shipman is also a distributor, recently adding coverage of larger grinding machines by Doimak (Elgoibar, Spain) to is offerings in the U.K., Ireland, France, Switzerland, and Belgium.
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Title Annotation:Company News
Publication:Metalworking Insiders' Report
Date:May 15, 2010
Words:148
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