Alleghany Capital forms Precision Cutting Technologies, acquires CID Performance Tooling

Alleghany Capital Corporation formed Precision Cutting Technologies as a holding company for its machine tool and consumable cutting tool subsidiaries, and acquired a majority interest in CID Performance Tooling, a manufacturer of solid carbide end mills based in Saco, Maine.

“This transaction furthers Alleghany Capital’s growth strategy in the machine tool and consumable tooling industries.”translinkcf.com

• 1 source
• translinkcf.comAlleghany Forms Precision Cutting, Acquires CID - TranslinkSep 2, 2019

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