INDIANAPOLIS -Techniks Industries, a provider of tooling for the metalworking and woodworking industries,will acquire the tooling division of Parlec, Inc., located in Fairport, NY. Parlec, founded 70 years ago, will retain its Presetter business under the “Omega” brand.
Parlec’s portfolio comprises more than 8,000 individual products - 98 percent of them manufactured in the U.S. at its Fairport, New York world headquarters. Parlec has more than 30 patented processes and technologies.
Techniks says the acquisition expands its product offerings of aftermarket machine tool accessories and enhances its manufacturing and distribution capabilities to distributors and OEMs in North America. Techniks will continue selling Parlec-branded products and offering manufacturing quality and product development out of its Fairport location for Parlec customers.
"I’m excited to see Parlec and Techniks become partners, as we share the vision to become the premier provider of aftermarket tooling solutions through high quality products, engineering and technical expertise, and customer service,” says Mike Nuccitelli, President and CEO of Parlec.
Vernon Cameron, who was named President and CEO of Techniks Industries last month, said, “With the addition of Parlec’s complimentary portfolio of innovative products, engineering capability, and unparalleled service, Techniks Industries will continue to provide superior machine tooling products, performance and value for all our customers. We are excited to welcome the Parlec team to Techniks and look forward to the next phase of growth.”
Techniks Industries tooling companies brands include Techniks, Inc., NAP Gladu, Riverside Tool, and RKO Saw. Techniks, Inc. is a provider of high-quality toolholding, cutting tools, and magnetic workholding solutions sold through industrial distributors. NAP Gladu is one of North America’s largest manufacturers and service providers of diamond and carbide cutting tools with 13 locations in the United States and Canada. Riverside Tool and RKO Saw are leading manufacturers of PCD and carbide tipped saw blades and cutter heads sold through industrial distributors and OEM relationships. www.techniksindustries.com