- FMA
- The Fabricator
- FABTECH
- Canadian Metalworking
CERATIZIT acquires Xceliron Corp.
- September 29, 2023
- Product Release
- Cutting Tools
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.
subscribe now
Keep up to date with the latest news, events, and technology for all things metal from our pair of monthly magazines written specifically for Canadian manufacturers!
Start Your Free Subscription- Stay connected from anywhere
Easily access valuable industry resources now with full access to the digital edition of Canadian Metalworking.
Easily access valuable industry resources now with full access to the digital edition of Canadian Fabricating & Welding.
- Industry Events
MME Saskatoon
- May 28, 2024
- Saskatoon, SK Canada
CME's Health & Safety Symposium for Manufacturers
- May 29, 2024
- Mississauga, ON Canada
DiPaolo Machine Tools Open House 2024
- June 4 - 5, 2024
- Mississauga, ON Canada
FABTECH Canada
- June 11 - 13, 2024
- Toronto, ON Canada
Zoller Open House & Technology Days 2024
- June 12 - 13, 2024
- Ann Arbor, MI