With sale of Talbot Tools, Milacron moves further out of metalworking.
But some metalworking-tooling businesses stayed behind with Milacron, Inc. (Cincinnati, Ohio), whose primary interest is now plastics machinery. Carbide inserts and related tooling plus several brands of round cutting tools continued to be part of Milacron. One by one they've been shed.
The latest to be sold is the Talbot round-tool business, which has been sold to a private investment group, Harpoint Holding Inc. (Newtown, Pa.). Sales price was not disclosed.
Talbot includes the brands Data Flute CNC (www.dataflute.com), Weldon Tool (www.endmills.com), Brubaker Tool (www.brubakertool.com), Fastcut Tool (www.fastcut.com), New England Tap (www.netap.com), and Micro Carbide Tool (www.microcarbide.com). They cover solid-carbide and HSS end mills, drills, taps, reamers, countersinks, and counterbores.
Cincinnati Milacron had acquired Talbot Holdings' four original brands in 1995 and added Data Flute in 1997 and Micro Carbide in 1999. The 220-employee Talbot business has plants in Pittsfield, Mass. and Millersburg, Pa. and had 2002 sales of around $30-million.
Weeks prior to the sale of the Talbot tooling business, Milacron sold the $10-million-sales Minnesota Twist Drill (Chisholm, Minn.) to a group of its employees (see M.I.R., 9/15/03). Minnesota Twist Drill had been acquired in 1997 and was administered through the Talbot organization.
Last year the plastics-machinery producer sold its $200-million-sales carbides and tooling division, Valenite Inc. (Madison Heights, Mich.) to Sandvik A.B. after shedding its Widia Group (Tuebingen, Germany) carbides producer to Kennametal.
Now the sale of Talbot moves Milacron almost completely out of supplying the metal working industries.
To be sure, Milacron still holds its metalworking consumable-products division, whose brands include Cimcool water-based cutting fluids, Producto Chemicals and related Oak International brand cleaners and corrosion inhibitors, and Cimform grinding wheels in a wide choice of abrasive formulations.
Milacron, Inc., Cincinnati, Ohio. 800-909-6452.
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|Publication:||Metalworking Insiders' Report|
|Date:||Nov 25, 2003|
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