Hardinge Inc. and its U.S. affiliates, a leader in advanced machine tool and workholding solutions, announced the successful completion of transactions under the U.S. Bankruptcy Code. The company has sold nearly all of its global machine and workholding businesses to affiliates of Centre Lane Partners.
With this sale, the Kellenberger and Forkardt Hardinge brands will operate as separate entities under Centre Lane’s ownership, equipped with the necessary capital and operational flexibility for growth and enhanced customer service. Greg Knight, former CEO of Hardinge, will lead Kellenberger, while Ryan Ervin, former President of Forkardt Hardinge, will head Forkardt Hardinge. Both executives bring significant industry experience and are well-suited to drive long-term success for their respective businesses.
Knight expressed satisfaction with the transaction, stating, “We are pleased to position Kellenberger and Forkardt Hardinge for sustainable growth, enabling us to continue providing market-leading solutions to our customers. We appreciate Centre Lane’s partnership throughout this process.”
Ervin added, This milestone provides Forkardt Hardinge with the financial foundation needed for future growth. We look forward to continued innovation in our workholding solutions under Centre Lane’s guidance.
Quinn Morgan, Managing Director at Centre Lane, commented, “With appropriately structured capital, Kellenberger and Forkardt Hardinge are positioned to achieve new heights in the machine and workholding sectors. We thank Hardinge for their collaboration during the sale and are focused on leveraging the strengths of both brands to deliver best-in-class solutions to customers worldwide.
