Alleghany Capital-backed Precision Cutting Technologies completed the acquisition of Supermill.

Alleghany Capital-backed Precision Cutting Technologies, an industrial holding company, completed the acquisition of Supermill, a manufacturer of high-performance carbide end mills. Financial terms were not disclosed. "We are pleased to welcome Supermill to the Alleghany Capital family of companies and are excited by the opportunities that should result as Supermill is able to leverage the broader reach and capabilities of the Precision Cutting Technologies platform as well as Alleghany Capital's differentiated, long-term capital model. We continue to believe in the secular trends driving the industrial technology, factory automation, and advanced materials sectors and look forward to supporting Precision Cutting Technologies and Supermill as they provide a truly differentiated service offering to their customers," Rob Hulick, Alleghany Capital Principal.