Precision Cutting Tool Technologies Acquires Supermill LLC
The Connecticut end mill manufacturer was founded some 30 years ago.
“We are excited to partner with Tom Hale, founder and president of Supermill, as well as his talented and experienced team of associates,” says Terry Derrico, president of Precision Cutting Technologies. “The acquisition of Supermill enhances Precision Cutting Technologies’ portfolio of cutting consumables and strengthens its position in the Northeastern United States. As in our past acquisitions and reflective of our strategic partnership approach, Tom will continue to lead the company post-transaction, and Supermill’s day-to-day operations will not be impacted. However, we believe that Supermill will now be able to take advantage of the infrastructure and national sales reach of the Precision Cutting Technologies platform.”
“After 30 years of growth, I am happy to have found a long-term home for the company and our loyal employees,” says Mr. Hale. “I look forward to what we will build together with the team at Precision Cutting Technologies in the coming years, staying true to Supermill’s reputation for reliability, innovation and customer service.”
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