12/6/2018 | 1 MINUTE READ

Heimatec Transitions to Platinum Tooling Technologies

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Heimatec Inc. is combining with other tooling lines under a new corporation, Platinum Tooling Technologies Inc.

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Heimatec Inc. (Prospect Heights, Illinois), a supplier of live tooling for the North American machine tool industry, has announced that it will combine with other tooling lines under a new corporation, Platinum Tooling Technologies Inc. Preben Hansen, Heimatec’s longtime president, will become the new corporation’s COO and reprise his role as president, holding a majority stake in its ownership.

According to Mr. Hansen, he had considered this move for some time, and after many discussions Heimatec GmbH, Tecnicrafts Industries and Henninger GmbH, the company decided to move forward with Platinum Tooling Technologies Inc.

“The new company will enable us to serve our existing and new market opportunities in a more proactive fashion,” says Mr. Hanson. “Nothing will change in our interaction with current customers, reps and distributors. We’ll be enhancing our capabilities, however, with more application engineering, service technicians and staff dedicated to the specific tooling lines we represent.”

The changes have already begun on all lines that will be represented by the new company, with recent facility expansions allowing higher numbers of staff and inventory. Other developments in the works, says Mr. Hansen, include additional personnel and sales representative firms as well as additional lines of machine tool accessories and related machine components.

Heimatec Inc. has added various other brand names to its roster over the years, most recently the very successful guide bushing and collet line from the global supplier Tecnicrafts Industries. Platinum Tooling will make a further investment to this line with extensive inventory and the purchase and installation of a grinding machine. Bringing this process in house is expected to improve delivery times and strengthen the company’s market position.

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