Cutting tools maker Harvey Performance Co. acquired Valencia, Calif.-based CoreHog to grow in the composite-cutting segment of the machining industry.
Founded in 2004, CoreHog manufactures composite, carbon-fiber-reinforced polymer and honeycomb core cutting tools, which have grown in popularity due to their high-strength, low-weight properties.
CoreHog products will complement Rowley, Mass.-based Harvey Performance brands like Harvey Tool, Helical Solutions, Micro 100 and Titan USA, according to a news release about the deal.
"For years, we've recognized the accelerated demand of composites across several industries," Jerry Gleisner Sr., vice president of sales for Harvey Performance, said in the release. "The acquisition of CoreHog allows us to grow in this space and learn from experts in this area. We couldn't be more excited for this opportunity."
In its early days of operation, CoreHog primarily serviced the aerospace machining industry. Then, demand for advanced cutting tools increased as new materials and techniques were developed. CoreHog's customer base extended into the automotive, technology, defense and naval, and sporting goods industries.
CoreHog products are made with application-specific, high-grade materials. For example, cutting tool options include carbon laminate, fiberglass laminate, honeycomb, sandwich panel and more.
The addition of CoreHog to the Harvey Performance portfolio is a strategic step into a segment of the machining industry with potential for growth, according to Harvey Performance CEO Pete Jenkins.
Founded in 1985, Harvey Performance acquired West Springfield, Mass.-based Titan USA in December 2020 to expand its product line with American-made carbide, high-speed steel and cobalt cutting tools.