Ceratizit SA says that it has acquired the remaining shares in Ceratizit Los Angeles with effect from 1 June. The company, which is part of the Austrian Plansee Group, now holds 100% of the California-based subsidiary.

Ceratizit acquired the majority of the shares in the company, then called Best Carbide Cutting Tools, in early 2017.

‘The Ceratizit Group acquisition of the remaining shares allows us to further expand our footprint and accelerate our growth strategy in the cutting tools market, specifically in high-end micro tools,’ said Mirko Merlo, president, Ceratizit Group Americas.

This story uses material from Ceratizit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.