Tooling Tech Group Acquires Century Tool Group
This deal will help TTG expand their position in the automotive, heavy truck and automation industries.
Posted: April 23, 2018
Tooling Tech Group (TTG; Macomb, MI) has acquired Century Tool Group, which includes both Century Tool & Gage (Fenton, MI) and CTG Bel-Kur Automation (Temperance, MI). Century Tool Group is a multi-faceted engineering and manufacturing company, providing fully machined, precision compression molds, automation equipment, and secondary fixtures to North American automotive and heavy-truck OEMs and Tier 1 suppliers.
Under the Century Tool & Gage name, they provide medium to large compression molds for automotive and heavy-truck structural and Class-A exterior components. CTG Bel-Kur, Century’s Automation division, provides automated assembly equipment and fixtures for downstream compression molding operations, ranging from simple manually operated machines to fully automated work cells.
“Century Tool is a world-class company that fits perfectly with our ‘whatever it takes, on-time, every-time’ operating model,” said Tony Seger, the chief executive officer of Tooling Tech Group. “We are excited to partner with them as we enter our next phase of growth. This acquisition presents an opportunity for us to expand our already strong position in the automotive, heavy truck and automation industries.”
www.toolingtechgroup.com, www.centurytool.com
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