Industry News

Olympic Steel Inc., a national metals service center, has acquired Metal Works. The all-cash purchase is expected to be immediately accretive. Terms were not disclosed.

Kennametal Inc. has named David Bersaglini vice president of Kennametal Inc. and president of the Metal Cutting segment.

Hanna Lye has been appointed Vice President Brand, Marketing and Communication at Seco. She will report to Stefan Steenstrup, President Seco, and become a member of the Seco Management Group.

HII, the McClean, Va.-based weapons developer, announced that its MissionTechnologies division was awarded a $209 million contract to support the development and sustainment of the U.S. Air Force’s (USAF) fighter and bomber weapons systems and subsystems.

Joseph Farkas has been named director of sales west at Mitsui Seiki USA, a manufacturer of high precision CNC machine tools. He brings 30-plus years of sales and business management experience in the manufacturing sector to the Mitsui Seiki organization.

Terry Ritterbush has been appointed director of sales eAST at Mitsui Seiki USA. He has served in varying service support and sales capacities at the company for 20 years, all which bring a notable technical depth to his new role.

Travers Tool Company, which has corporate headquarters in Flushing, New York, and distribution centers in South Carolina and California, is celebrating its 100-year anniversary this year.

Accutek Inc., a US-based tool-holding and work-holding product company, is proud to announce our collaboration with National Machine Products based out of Huntsville, Alabama, to sell and service the EVOSET Presetter.

EXAIR, a leader in engineered compressed air solutions and static elimination, and BETE, an engineered spray nozzle and spraying systems manufacturer, have entered into a definitive merger agreement under which EXAIR has acquired BETE.

Tooling Tech Group (TTG), a provider of highly engineered tools and automated assembly equipment to a range of industries, has appointed Jason Smalarz as president of its Stamping and Engineering division.

ModuleWorks, a leading innovator in toolpath generation and simulation technology for digital manufacturing, acquired Celeritive Technologies Inc., the developer of VoluMill.

AP&T has received an order for a new, fully automatic press line for NKC Sweden’s production facility in Gothenburg. The line will be used to manufacture various types of blanks for spherical bearing housings.

Rego-Fix has selected Brent Broderick as the company’s new national sales manager.
In addition to managing sales team members, Broderick will provide them with ongoing technical education and guidance.

Continuim Equity Partners has sold Anker Industries, a leading manufacturer and distributor of metallurgical additives that Continuim acquired in 2021, to Opta Group, a portfolio company of Speyside Equity Advisers.

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

Sandvik announces the signing of an agreement to acquire the American company, Cimquest, which will be part of Mastercam, the world’s #1 CAM software. Cimquest is a Mastercam Reseller located in New Jersey, United States.

Sandvik Coromant has appointed Veronica Messersmith as President of the Americas, effective March 11, 2024.

Kennemetal is taking its innovative and industry-leading solutions on tour of some 36 cities across the country.

The T.J. Davies Company Inc. has been selected to participate in a national program that provides women business leaders with practical, real-world tools to improve the operational value of a business.