Leitz Tooling Systems LP (Jasper, Ind.) has finalized the purchase of the assets of Royce//Pacific Precision Cutting Tools in San Bernardino, Calif. The former Royce//Pacific CEO, Holger Nagel, will now be Western regional sales manager for Leitz.
"The purchase is a continuation of our international growth strategy and will enable Leitz to offer enhanced diamond and carbide service capabilities and additional experienced technical personnel to the market," said Mike Lind, Leitz USA CEO, in a release. "This particular acquisition represents a stronger, more 'local' approach to serving the Western region of the United States."
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