At IMTS, the huge manufacturing trade fair held September 4–11 in Chicago, United Grinding Technologies (UGT) announced that it will acquire Ewag USA of North Kingstown, Rhode Island, and merge its operations into UGT. The merger is scheduled to be complete by January 1, 2003.
Ewag USA was founded in 1946 and now makes tool grinding machines and tool grinding centers for the production of rotary tools and high-quality indexable inserts of tungsten carbide, PCD and PCBN. Ewag will be a UGT product division specializing in tool and cutter grinding machines.
The company’s headquarters will continue to be in UGT’s facility at Miamisburg, Ohio