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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

Precision Honing Powers Champion Racing Teams

In auto racing, small details have a major impact on success—a concept very familiar to performance racing parts provider Oliver Racing Parts (Charlevoix, MI). Oliver produces performance connecting rods for the world’s leading engine builders.

Mitutoyo America Opens New Facility in Detroit Area

Mitutoyo America Corp. (MAC; Aurora, IL) celebrated the grand opening of its new Detroit-area M3 Solution Center in Novi, MI, on June 28. The 8455 ft2 (785.5 m2) facility replaces one that the company had occupied for 38 years in nearby Plymouth, MI.

Renishaw Inc. Moves to New Headquarters

Renishaw Inc. is preparing to move into a new 133,000-sq.-ft. office and warehouse facility in West Dundee, IL, about 40 miles from Chicago. The two-story facility will be the company’s new North American headquarters, but also includes space for product development, testing, warehousing and distribution. It includes the new U.S. Additive Manufacturing Solutions Center – part of Renishaw’s network of global Solutions Centers, opening over the next year.