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HDNG - Hardinge, Inc.
Hardinge,
Inc. (HDNG) is a leading global designer, manufacturer, and
distributor of advanced metal-cutting machine tools and accessories.
The company operates through three segments: metal-cutting machine
solutions, aftermarket tooling and accessories, and industrial
products.
The metal-cutting machine solutions segment offers a
range of high-precision computer-controlled metal-cutting turning
machines, grinding machines, and machining centers, as well as
collets, chucks, and other workholding devices. The aftermarket
tooling and accessories segment offers a range of products, including
collets, chucks, and other toolholding devices, as well as replacement
parts and repair services. The industrial products segment offers
workholding systems, power feed collets, and other products used in
manufacturing and assembly operations.
The company serves a
diverse range of customers in various industries, including aerospace,
defense, medical, automotive, energy, telecommunications, and consumer
products. Hardinge has a global presence, with operations in North
America, Europe, and Asia, and serves customers in more than 65
countries worldwide.
In recent years, Hardinge has focused on
expanding its product portfolio and improving operational
efficiencies. The company has introduced new products and technologies
to meet the changing needs of its customers and has invested in
automation and other process improvements to increase production
efficiency and reduce costs.
As of September 2021, Hardinge is
a subsidiary of Privet Fund Management LLC, a private equity firm that
specializes in small and mid-cap
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