Hardinge Inc. Announces Acquisition of Usach Technologies, Inc.

ELMIRA, N.Y. — ( BUSINESS WIRE ) — Hardinge Inc. ( NASDAQ : HDNG ), a leading international provider of advance metal-cutting solutions, announced that it has acquired Usach Technologies, Inc., a privately held, american machine cock party and leading supplier of high-precision, computer-controlled ID and OD grinding machines and grinding systems based in Elgin, Illinois .

“ Hardinge is a universe leader in grinding solutions and the skill of Usach Technologies strengthens and reinforces that position, ” stated Richard L. Simons, Chairman, President and Chief Executive Officer. “ This acquisition complements our strategy to maintain our competitive edge by continually advancing and enhancing our product portfolio. importantly, Usach strengthens our reach into high gear profile OEM ’ mho ( master equipment manufacturers ) in the U.S. and expands our opportunities in the highly diversify end markets we serve. ”
Usach was founded in 1985 as an importer of machine tools. The company evolved to become a leave pioneer, couturier and manufacturer of high preciseness grinding solutions for complex grinding requirements. It besides has its own proprietorship programming system, the Usach Open Architecture System©, for standard and customs home ( ID ), external ( OD ) and coincident grate applications.

The ID grinding machines compass from single spindle to four spindle versions with standard and peculiarity configurations. They are able of grinding parts improving to 40 inches in diameter and weighing astir to 1,300 pound. The OD grinding machines are being offered as one spindle, double spindle, and four spindle versions for grinding bicycle diameters astir to 30 inches, character lengths of up to 200 inches, separate burden of 3,500 lbs and larger, and 42 edge swing, all beyond the capacity of Hardinge ’ second current product offerings .
Strengths of Usach are designing and configuring products specific to a customer ’ second singular requirements and in many cases, equipping the machines with amply automatic loading systems. They are known for the excellent pre- and post- sales support they provide to their customers .
Usach will expand the product crop of high preciseness grinding machines & systems of Hardinge offered under the Kellenberger, Jones & Shipman, Hauser, Tschudin and Tripet brands which presently provide high-precision universal, production, jig grind, surface grind and creepfeed products .
Usach Technologies ’ gross in 2012 is expected to be approximately $ 14 million, with an ending backlog of approximately $ 24 million. Hardinge expects the learning to be accretive in 2013.

Mr. Simons concluded, “ We are please that the owner, Giacomo Antonini, will stay on as President and General Manager of this wholly owned subsidiary company of Hardinge, along with his strong and creative engage team. We believe together we can help Usach grow beyond its diachronic capacity by leveraging our ball-shaped network of sales and service organizations ampere well as providing the fiscal force of Hardinge to back up their commitment to their customers. ”
About Hardinge
Hardinge is a leading ball-shaped designer and manufacturer of high preciseness, computer-controlled machine instrument solutions developed for critical, hard to car metallic element parts. The Company ’ second scheme is to leverage its global mark persuasiveness to far penetrate ball-shaped market opportunities where customers will benefit from the technologically advanced, high timbre, dependable equipment Hardinge produces. With approximately 75 % of its sales outside the U.S., Hardinge serves the global metallic working market. Hardinge ’ s machine cock solutions can besides be found in a broad infrastructure of industries to include aerospace, agrarian, automotive, construction, consumer products, defense, energy, aesculapian, engineering and transportation .
Hardinge applies its engineer purpose and manufacture expertness in high operation machine centers, high-end cylindrical and jig grinding machines, SUPER-PRECISION® and preciseness CNC lathes and technologically advanced workholding accessories. Hardinge has manufacturing operations in China, Switzerland, Taiwan, the United Kingdom and the United States.

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