Big Daishowa Acquires Kaiser Precision Tooling
Kaiser will now be a company of the Big Daishowa group, extending a 35-year-old relationship between the companies.
Big Daishowa Seiki Co. Ltd. of Japan has acquired Kaiser Precision Tooling Ltd. of Switzerland, making the latter a company of the Big Daishowa group as of April 15, 2015. Kaiser’s executive management will remain in place following the transaction, with Peter Elmer as CEO of the company’s European operations and Chris Kaiser as CEO of North American operations. The move is expected to help the company balance manufacturing resources with the fluctuating global market.
The two companies have had a close technology and distribution partnership since 1980. Big Daishowa produces Kaiser’s boring tools under a license agreement and sells under the brand Big Kaiser in Asia. In 2003, Big Daishowa expanded to include Kaiser’s North American operations, and that company was renamed Big Kaiser Precision Tooling Inc.
