News: French deal for Elite Tooling

Elite Tooling, based in Rotherham, has been acquired by Tivoly, the largest manufacturer of cutting tools in France and the the third largest cutting tool manufacturer in Europe.

Elite Tooling had a turnover in 2008 of €1m, with EBIDTA of 20%. It employs six people at their Masborough Street site. The existing directors and staff will all remain with the company.

Using state of the art CNC machines Elite Tooling is positioned within a niche market, unique within their market segment as an SME fully competent in the design, development and manufacture of highly specialised cutting tools, with a 2-7 day turnaround.

The Tivoly group said that the new member of the group has reinforced its position as a first tier supplier in the Aeronautical industry, and feel that the combination of highest quality with a very short lead time will give them a considerable advantage in this ever more demanding market.

Elite Tooling was established to launch the Perfor product range onto the UK market. Perfor is the High Tech branch of the Tivoly group.

Elite Tooling website
Rotherham

Images: elitetooling.com

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News: Elite Tooling invests in business and reduces impact on the environment

Rotherham based specialists in high performance drilling, tapping and milling products, Elite Tooling has invested in Eclipse Magnetics' Filtramag system. The magnetic filtration system is used on Elite Tooling's Walter 5-axis tool and cutter grinding machine that makes high performance carbide tools. One of the main difficulties when grinding carbide is ensuring that the cutting oil is suitably filtered before it is reintroduced into the grinding operation at the cutting face. Elite Tooling had been working with the Environmental Agency to find a better way of disposing of the sodden filter cartridges as grinding fluid is now classed as bio-waste. Managing director at Elite Tooling, Bob Hill, explained to Manufacturing Talk that: "Installing Filtramag therefore allowed us to eliminate two of our biggest problems - how to increase filtration levels and how to improve our environment credentials." The new system also produces saleable reclaimed material, so a return on the investment began immediately after installation.
Elite Tooling website
Manufacturing Talk website

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