(l-r): Mr. Chris Kaiser, Chairman of KAISER Precision Tooling Ltd. and Mr. Kitaguchi, Chairman of BIG Daishowa Seiki Co. Ltd.
KAISER Precision Tooling has strengthened its partnership with its long-term partner, BIG Daishowa Seiki Co. of Japan, and agreed to become a company of the BIG Daishowa group as of April 15, 2015.
KAISER Precision Tooling is a supplier of high-precision modular boring tools. The company was founded in 1948 by Heinz Kaiser and is owned by the families of the second generation. BIG Daishowa Seiki is a producer of precision tool holders and measuring accessories. It operates six manufacturing facilities in Japan.
The two companies have had a close technology and distribution partnership since 1980. BIG Daishowa produces KAISER boring tools under a license agreement and sells under the brand BIG Kaiser in the Asian market. In June of 2003, BIG Daishowa expanded its strategic alliance to KAISER's North American operations near Chicago and that company was renamed BIG Kaiser Precision Tooling Inc.
"During the past 10 years, our partnership has steadily increased through the creation of two joint ventures in the U.S. and Germany and an exclusive distribution arrangement for BIG products in Europe," said KAISER CEO Peter Elmer. "Today the distribution channels are practically grown together and the combined products are an excellent portfolio."
According to the company, executive management will remain in place following the transaction, with Peter Elmer as CEO leading European operations and CEO Chris Kaiser overseeing North American operations. The original KAISER facility in Rümlang, Switzerland, will continue to have an integral role in the company's worldwide research and development and manufacturing strategy.
"The strengthened alliance is expected to help the company balance manufacturing resources and market and currency fluctuations around the globe. Customers will benefit from a fully consolidated portfolio of tooling solutions and ancillary products. Following the alliance, BIG Daishowa will have approximately 900 employees," said a company spokesperson.
For more information contact:
BIG Kaiser Precision Tooling Inc.
2600 Huntington Blvd.
Hoffman Estates, IL 60192
888-TOOL-PRO / 847-228-7660
bigkaiser@bigkaiser.com
www.bigkaiser.com