Oxford manufacturer buys Malden grinding firm
Swissturn/USA machinists Nick Williams (left) and Marcos Naranjo-Cassanov work in the company's Oxford facility.
Oxford-based Swissturn/USA has purchased the assets of Malden Centerless Grinding, expanding the Central Massachusetts company’s offerings.
Swissturn, along with other local manufacturers, have in the past employed the services of Malden Centerless. The acquisition brings these capabilities in-house for Swissturn and allows the company to continue to provide grinding services to Malden Centerless clients, according to a Friday press release from Swissturn.
Financial terms of the deal were not disclosed.
“Having this capability in-house is going to benefit our customers by managing costs and lead
Times,” Swissturn/USA President Rick Laviolette said in the press release. “We’re looking forward also to working with Malden Centerless Grinding’s customers.”
Malden Centerless’ employees and equipment have been transferred to Swissturn’s Oxford facility. Laviolette appointed Swissturn/USA’s Vice President of Commercial Operations Dean Russell to lead the integration.
Swissturn/USA is an employee-owned contract manufacturer serving industries including medical device, photonics, electronics, electric power, defense, firearms, aerospace, and industrial products.
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