Maxcor, parent company of US-based Cincinnati Lamb is to acquire the Ex-Cell-O companies from the German-based IWKA Group. It will join Cincinnati Lamb and ThyssenKruppMetalcuitting within Maxcor’s MAG Industrial Automation Systems group.
The acquisition includes operations in five countries – Germany, USA, UK, France and China. Ex-Cell-O makes machines and systems for automotive components production and has manufacturing operations in Germany, the USA and China, as well as sales and support operations in the UK and France. Its representative office in the UK is located in Bridgnorth, Shropshire. In 2005, Ex-Cell-O generated sales of approximately $190 million.
Ex-Cell-O is Maxcor’s third machine tool purchase, following, first, Unova’s Cincinnati Lamb (Machinery, April 2005, page 6) and then ThyssenKruppMetalcutting (Machinery, September 2005, page 6) and there’s more in the pipeline. “We have other opportunities in various stages which will lead to further acquisition in 2006,” said Barney Theisen, managing partner of Maxcor's MAG Industrial Automation Systems Group.
With the Ex-Cell-O acquisition, New York-based Maxcor now boasts 11 manufacturing technology companies with annual revenues of $1.2 billion.
Maxcor was founded in 1975 by Mo Meidar, its chairman and chief executive, and has specialised in turning around manufacturing companies.
* At the recent EMO in Hanover last year, Ex-Cell-O unveiled its lean production XS 321 (pictured) which is said to fulfil highest technological requirements at lowest costs. The XS 321 is the large sister of the 2004 XS 211.
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