AME completes asset purchase of Metalcut

Advanced Machine & Eng. (AME), a Rockford, Ill.-based manufacturer of machine tool components and auxiliary equipment, has announced the asset purchase of the Metalcut Carbide Saw Division of Centro-Metalcut, also of Rockford, a designer and manufacturer of heavy-duty carbide sawing systems for the metal cutting industry.

The purchase transfers the complete sawing machine technologies, engineering data, inventory, spare parts, and service operations for all Metalcut carbide saws to AME. Steve Swanson, business unit manager for the carbide saw machine division of AME, assumes oversight responsibility for the Metalcut product line.