SECO TOOLS MAKES ACQUISITIONS IN THE USA
Seco Tools has signed an agreement to acquire the American companies NC Industries (NCI) and Diamond Tool Coating (DTC). NCI is a producer of solid carbide end mills under the Niagara Cutters and Arch Micro Tools brands and is among the largest local producers in the USA of these products. DTC is a producer of wear resistant diamond coatings. Most of the customers are found in the aircraft and power generation industries, as well as the general engineering industry. NCI and DTC have combined annual sales of around USD 37 million and 170 employees. The largest production unit is