Global engineering and joint integrity services specialist Hydratight has completed a deal to buy the highly-respected BoreMaster range of heavy-duty boring tools from US manufacturer, Machine Technologies.
The move will see the range join Hydratight’s DL Ricci brand under the BoreMaster name, and will expand Hydratight’s powergen machining capabilities to cover heavy-duty operations in turbines, shipping, mining and even military applications.
Hydratight has acquired all intellectual property rights to BoreMaster, generally accepted to be among the world's most advanced technology for large on-site boring, with leading engineering and cutting-edge features for safe, reliable and accurate cutting.
“The acquisition is strategic to Hydratight’s expansion of its powergen machining capability and complements our advances in products and services to this sector,” explained Chris Mitchell, Hydratight’s global marketing leader.
“It also offers a logical expansion into new markets for us, such as marine, military and mining.”
Hydratight is already a world leader in smaller-scale and specialist machining operations but is best known for its global lead in tensioning tools and mechanical connectors for the oil and gas and related industries. The company also has a growing ancillaries presence in nuclear and wind power.
BoreMaster portable line-boring systems have been manufactured since 1922, with today’s range capable of creating highly-accurate straight bores up to 155in in diameter and up to 24ft deep, as well as taper and spherical bores.
Until the acquisition, Machine Technologies, based in Landsdale PA, had concentrated marketing of the BoreMaster range on the US eastern seaboard, where it has enjoyed a formidable reputation.
“BoreMaster products complement our existing DL Ricci range perfectly,” explained Hydratight’s machine products manager, Mike Mroz.
“We can now offer products and services right through the range of applications, from the smallest to the largest practically available. Hydratight’s global reach means this equipment will for the first time be available around the world under the DL Ricci brand.”
The acquisition sees former MT executive vice-president Phil Giagnacova join the Hydratight team, at DL Ricci’s Red Wing facility, as boring-machine product manager.