The purchase price was not disclosed, but ThyssenKrupp said it would take a loss on the sale.
Cross Hüller Hüller Hille Giddings & Lewis Hessapp Fadal Witzig & Frank
Best-owner found for ThyssenKrupp MetalCutting
The sale of the MetalCutting business unit completes the portfolio optimization of the Technologies segment. In the future, Technologies will concentrate on the business units with growth potential ? Plant Technology, Marine Systems and Mechanical Engineering.
I guess Kearney and Trecker would be included since they're owned by Giddings. Not that they make anything anymore.
Not that they make anything anymore.
China is buying up those great old hydraulic knee mills to ship off to China. Very best hor/vert mills for all around strength and rigidity which I have used, the ones I worked on were probably built back in WW2 too.
John
This is the same Krupp that ran all the concentration camp factories using Jew and Polish slave labor during the 30s and early 40s?
Gunner
"Pax Americana is a philosophy. Hardly an empire. Making sure other people play nice and dont kill each other (and us) off in job lots is hardly empire building, particularly when you give them self determination under "play nice" rules.
Think of it as having your older brother knock the s*it out of you for torturing the cat." Gunner
Hey John,
I see where they sold the heat-treat plant too, in Windsor, Ontario. Was called Thyssen Marathon for many years, but now it answers "Swiss Steel International".
Brian Lawson, Bothwell, Ontario. XXXXXXXXXXXXXXXXX
Have something to add? Share your thoughts — no account required.
Ask the community — no account required