ELMIRA, N.Y., May 9, 2013 (GLOBE NEWSWIRE) -- Hardinge Inc. (Nasdaq:HDNG), a leading international provider of advanced metal-cutting solutions, announced that it has entered into a definitive agreement to acquire Forkardt from Illinois Tool Works (NYSE:ITW) for $34 million in a negotiated transaction. The acquisition, which is expected to be completed today, will be funded with a combination of cash and debt. With well-established brands, Forkardt includes companies that are leading global providers of high-precision, specialty and customized workholding devices for machine tools. Its headquarters and U.S. operations are in Traverse City, Michigan. It also has operations in France, Germany, and Switzerland.
Hardinge Inc. Announces An Agreement To Acquire Forkardt Operations
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