CERATIZIT acquires Xceliron Corp.

From left: Mirko Merlo, CERATIZIT Executive Board Member; Melissa Albeck; Randy Jones; Ric DiOrio; and Andreas Lackner.

CERATIZIT S.A., part of the Plansee Group, has acquired all shares of Xceliron Corp.

The Chatsworth, California-based round tool manufacturer provides special solid carbide tools for aerospace and automotive industries in the U.S.

“With its high-quality specialty products, the Xceliron portfolio is an ideal complement to the standard products from our Sacramento site and an important building block for our global growth strategy,” said Mirko Merlo, president Americas, CERATIZIT. "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."

The forthcoming integration process will be actively supported by the company’s founders.

“We are very pleased that Randy Jones and Ric DiOrio will continue in the successful management of Xceliron and act as Co-Managing Directors,” said CERATIZIT Executive Board Spokesman, Andreas Lackner.

“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 said in a joint statement.