NEW YORK: Eppinger Technologies, a leading designer and manufacturer of high-precision tooling solutions, announced Tuesday an agreement to divest its rotary table product line.
As part of the deal, the company will retain exclusive distribution rights for the products in North America after commercialization.
The divestment is part of Eppinger’s strategy to focus on its core product lines, including CNC tool holders, gears, and gearboxes. Proceeds from the transaction will be used to invest in advanced production equipment, expand the sales team to boost market penetration, and pursue targeted acquisitions or partnerships aimed at driving long-term growth.
“We are pleased to announce this strategic transaction, which not only streamlines our portfolio but also empowers us to invest more heavily in our core competencies,” said Chad Heathco, CEO of Eppinger Technologies.
“The proceeds will allow us to invest in cutting-edge production capacity, expand our sales efforts, and aggressively pursue M&A opportunities that complement our technological expertise and expand our market reach.”
Heathco emphasized the company’s commitment to growth, stating, “Our commitment to growth is unwavering, and we look forward to capitalizing on emerging opportunities to deliver exceptional value to our global customer base.”
Eppinger Technologies, known for its sophisticated tooling solutions, did not disclose financial terms of the agreement or the identity of the buyer. The company expects the transaction to strengthen its position in the high-precision tooling market while enabling strategic investments in innovation and expansion.