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Hardinge Inc. Announces Acquisition Of Usach Technologies, Inc.

Hardinge Inc. (NASDAQ: HDNG), a leading international provider of advanced metal-cutting solutions, announced that it has acquired Usach Technologies, Inc., a privately held, American machine tool company and leading provider of high-precision, computer-controlled ID and OD grinding machines and grinding systems based in Elgin, Illinois.

“Hardinge is a world leader in grinding solutions and the acquisition 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 profile OEM’s (original equipment manufacturers) in the U.S. and expands our opportunities in the highly diversified end markets we serve.”

Usach was founded in 1985 as an importer of machine tools. The company evolved to become a leading innovator, designer and manufacturer of high precision grinding solutions for complex grinding requirements. It also has its own proprietary programming system, the Usach Open Architecture System ©, for standard and custom internal (ID), external (OD) and simultaneous grinding applications.

The ID grinding machines range from single spindle to four spindle versions with standard and specialty configurations. They are capable of grinding parts up to 40 inches in diameter and weighing up to 1,300 lbs. The OD grinding machines are being offered as single spindle, dual spindle, and four spindle versions for grinding wheel diameters up to 30 inches, part lengths of up to 200 inches, part weight of 3,500 lbs and larger, and 42 inch swing, all beyond the capacity of Hardinge’s current product offerings.

Strengths of Usach are designing and configuring products specific to a customer’s unique requirements and in many cases, equipping the machines with fully automatic loading systems. They are known for the excellent pre- and post- sales support they provide to their customers.

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