Hardinge Transitions Ownership of Global Machine Businesses

Hardinge Transitions Ownership of Global Machine Businesses

Hardinge Inc., known for its expertise in advanced machine tool manufacturing, has announced a significant shift in its business landscape. Following a series of strategic transactions under the United States Bankruptcy Code, Hardinge has successfully sold nearly all of its global machine and workholding operations to affiliates of Centre Lane Partners. This pivotal change marks a new chapter for Hardinge, as it looks to enhance its offerings in the machine tool sector.

Leadership for Future Success

With the sale now finalized, the operations of Kellenberger and Forkardt Hardinge will transition into standalone entities. Greg Knight, the former CEO of Hardinge, is set to head Kellenberger, while Ryan Ervin will become the leader of Forkardt Hardinge. Both executives bring a wealth of knowledge and experience to their respective roles, positioning these companies to thrive in a competitive landscape.

Commitment to Growth and Innovation

Greg Knight expressed excitement about the future, stating, “We are very pleased to complete these transactions with Centre Lane, which will allow Kellenberger and Forkardt Hardinge to focus on sustainable growth. Our customers can expect the innovative solutions they value.” This commitment underscores the importance of maintaining continuity in the quality of service and products available to clients worldwide.

Financial Strength and Operational Flexibility

Ryan Ervin highlighted the favorable position Forkardt Hardinge now finds itself in, commenting on the “financial foundation and operational flexibility to support future growth.” Centre Lane’s involvement brings not only capital but also the operational know-how to drive these businesses forward. The culmination of these efforts signals a robust path toward enhanced capabilities and offerings.

The Role of Centre Lane Partners

Quinn Morgan from Centre Lane Partners remarked on the collaboration throughout the sale process. He affirmed, “With appropriately structured capital, both Kellenberger and Forkardt Hardinge are primed to ascend as leaders in their respective fields of machine tool and workholding solutions.” This sets a promising stage for innovation and growth under Centre Lane’s stewardship.

Kellenberger: Advancing Metal-Cutting Solutions

Kellenberger is recognized globally for its reliable CNC turning, milling, and grinding machines. Their product range supports various sectors, including aerospace, automotive, and medical industries. A strong international footprint, with manufacturing facilities across North America, Europe, and Asia, allows Kellenberger to meet the unique demands of diverse markets.

Dedicated to Customer Success

The company prides itself on providing tailored machine tool solutions, leveraging robust engineering expertise to ensure customer satisfaction. Their diverse applications cater to a myriad of industrial needs, reinforcing Kellenberger's status as a trusted provider in the market.

Forkardt Hardinge: Excellence in Workholding

Forkardt Hardinge has established itself as a top global supplier in the workholding domain for over 130 years. Their extensive portfolio covers multiple industries, supported by a dedicated team of engineers specializing in various products such as collets and chucks. Forkardt Hardinge’s customer-centric approach, along with its commitment to quality, makes it an esteemed partner in the manufacturing landscape.

Innovations Driving the Future

The company continuously seeks to advance technologies in workholding solutions, ensuring that they remain at the forefront of industry developments. Their commitment to innovation paves the way for significant advancements trusted by both small and large machining enterprises across the globe.

Conclusion: A New Era for Hardinge

The successful sale to Centre Lane Partners is a significant milestone in the evolution of Hardinge and its affiliated businesses. With leadership committed to sustainable growth and a strong financial backing, both Kellenberger and Forkardt Hardinge are set to enter a promising phase focused on innovation, quality, and enhanced service offerings for their global customer base.

Frequently Asked Questions

What is the recent transition of Hardinge Inc.?

Hardinge has completed transactions selling most of its global machine and workholding businesses to Centre Lane Partners.

Who will lead Kellenberger and Forkardt Hardinge post-sale?

Greg Knight will lead Kellenberger, while Ryan Ervin will head Forkardt Hardinge.

What advantages will these companies have under Centre Lane?

Centre Lane provides financial strength and operational flexibility, enabling both businesses to focus on growth and innovation.

What does Kellenberger specialize in?

Kellenberger specializes in advanced metal-cutting solutions, offering CNC turning, milling, and grinding machines.

How long has Forkardt Hardinge been in business?

Forkardt Hardinge has been a global supplier in workholding for over 130 years, known for its quality and customer focus.

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