Bourn & Koch, Inc. Announces New President

Bourn & Koch, Inc. has announced Blake Consdorf as President.

Consdorf, who was most recently President & CEO of Felsomat USA, Inc., brings over 20 years of relevant industry and leadership experience in machine tools and automation to Bourn & Koch. Prior to Felsomat, Consdorf was Divisional President of Acieta, LLC, a provider of automation solutions. During his tenure with Acieta, he also served as Engineering Manager. Prior to Acieta, Consdorf served as Vice President of Manufacturing and Engineering at Wes-Tech Automation Solutions.

"I am excited to work with the talented team at Bourn & Koch that has objectives to grow the company's key products in machine tools and related services while expanding Bourn & Koch core competence to the global manufacturing market," said Blake Consdorf, President.

Prior President & CEO of Bourn & Koch, Terry V. Derrico, will now serve as President & CEO of Precision Cutting Technologies (PCT). PCT is a holding company of Alleghany Capital Corporation with three operating segments: precision automated machine tool solutions through Bourn & Koch, Inc; diamond orifices and nozzles for the waterjet industry through Diamond Technology Innovations, Inc. and high-performance solid carbide tooling and solutions through CID Performance Tooling, Inc. and Supermill LLC.

In this new role, Derrico will work to expand the reach of PCT to include additional interests in the machine tool and consumable cutting tool sectors. Derrico is eager to further the growth of all Precision Cutting Technologies companies.

For more information contact:

Joe Goral Sr.

Director of Sales & Marketing

Bourn & Koch Inc.

2500 Kishwaukee Street

Rockford, IL 61104

815-965-4013

jgoral@bourn-koch.com

www.bourn-koch.com