# 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.

- Type: Acquisition
- Announced: 2019-09-02
- Where: Saco, Maine, United States
- Status: completed
- Products: high-performance solid carbide end mills, machine tools, consumable cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Alleghany Capital Corporation](https://endata.com/companies/23968.md)
- [Coastal Industrial Distributors](https://endata.com/companies/41796.md) (target)
- [Bourn & Koch](https://endata.com/companies/41797.md) (partner)
- [Diamond Technology Innovations](https://endata.com/companies/41798.md) (partner)

## Sources

- [translinkcf.com](https://translinkcf.com/2019/09/02/alleghany-capital-corporation-announces-formation-of-precision-cutting-technologies-and-acquisition-of-cid-performance-tooling/), 2019-09-02: "This transaction furthers Alleghany Capital’s growth strategy in the machine tool and consumable tooling industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.