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Gleason Corporation has announced that agreement has been reached on all terms to acquire for approximately $36 million in cash the Hermann Pfauter Group, including, among other operations, Hermann Pfauter GmbH & Co., a privately held leading producer of gear equipment based in Ludwigsburg, Germany; its 76% interest in Pfauter-Maad Cutting Tools, a leading cutting tool manufacturer basked in Loves Park, IL; and Pfauter-Maag management's 24% ownership interest in that company. The acquisition includes all assets and liabilities, including the assumption of approximately $56 million in bank debt.
Gear Technology speaks with David Goodfellow, president of American Pfauter, L.P., and Pfauter-Maag Cutting tools, L.P., to get his impressions about the state of the gear industry and its prospects for the future.
Industry News from October/November 1984 Gear Technology.
Borazon is a superabrasive material originally developed by General Electric in 1969. It is a high performance material for machining of high alloy ferrous and super alloy materials. Borazon CBN - Cubic Born Nitride - is manufactured with a high temperature, high pressure process similar to that utilized with man-made diamond. Borazon is, next to diamond, the hardest abrasive known; it is more than twice as hard as aluminum oxide. It has an extremely high thermal strength compared to diamond. It is also much less chemically reactive with iron, cobalt or nickel alloys.
A reflection by Michael Goldstein, Publisher & Editor-in-Chief.
Herman Riccio, Chicago Gear Works President, to Retire; Gleason Opens MI Sales Office; American Pfauter hires Steve Peterson; plus AGMA's technical calendar for the Fall of 1984.