Ceratizit Acquires Xceliron Corporation
Xceliron’s presence in the aerospace industry will enable Ceratizit with a launch pad to tap into new markets.
Ceratizit has acquired all shares of Xceliron Corp. The Chatsworth, California-based round tool manufacturer is focused on providing specialized solid carbide tools for the aerospace and automotive industries in the U.S.
Xceliron’s presence in the aerospace industry will enable Ceratizit to tap into new customer groups, and the company’s expertise in the field of special tools opens new opportunities to offer Ceratizit customers in North America a more comprehensive range of tooling solutions in the future.
“We are very pleased that Randy Jones and Ric DiOrio will continue in the successful management of Xceliron and act as co-managing directors,” says Ceratizit’s executive board spokesman Andreas Lackner on the closing of the transaction.
“We are thrilled to have found the right partner in Ceratizit to take Xceliron to the next level and build on our heritage. Long-term thinking and creativity are two of the values that have also been at the core of our business over the past thirty-three years,” Ric DiOrio and Randy Jones say in a joint statement.
“This acquisition strategically positions us to better serve our customers with an expanded range of custom tooling solutions, specifically tailored to meet the demanding requirements of the aerospace industry. We are eager to leverage Xceliron’s expertise and reputation for precision to drive innovation and excellence in round tools,” says Mirko Merlo, president Americas at Ceratizit.
