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Stock impact report

Alleghany Capital Corporation Announces Acquisition Of Supermill By Precision Cutting Technologies

Alleghany Corporation (Y) 
Last alleghany corporation earnings: 2/19 05:08 pm Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, March 2, 2020 /PRNewswire/ -- Alleghany Capital Corporation ("Alleghany Capital"), a wholly-owned subsidiary of Alleghany Corporation, today announced that its subsidiary, Precision Cutting Technologies, Inc. ("Precision Cutting Technologies") has acquired Supermill LLC ("Supermill").  Precision Cutting Technologies holds Alleghany Capital's investments in the machine tool and consumable cutting tool sectors.  Headquartered in Berlin, CT, Supermill is a leading manufacturer of high-performance carbide end mills.  Terry Derrico, President of Precision Cutting Technologies, commented, "We are excited to partner with Tom Hale, founder and President of Supermill, as well as his talented and experienced team of associates.  The acquisition of Supermill enhances Precision Cutting Technologies' portfolio of cutting consumables and strengthens its position in the Northeastern United States.  As in our past acquisitions and reflective of our strategic partnership approach, Tom will c Show less Read more
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