Kenneth Silverman Handles Acquisition of CID Performance Tooling for Alleghany Capital Subsidiary Precision Cutting Technologies
Alleghany Capital Corporation, a wholly owned subsidiary of Alleghany Corporation, announced the acquisition by Precision Cutting Technologies of a majority interest in Coastal Industrial Distributors, LLC, dba CID Performance Tooling ("CID"). Headquartered in Saco, Maine, CID is a leading manufacturer of high-performance solid carbide end mills. Kenneth Silverman led the Olshan team that represented Alleghany, which included: Corporate: Jason Saltsberg, Honghui Yu and John Corrado and Real Estate: Hyman Kindler and Jessica Stanton. Assistance with the transaction was also provided by Employment Practices: Michael Passarella; Employee Benefits: Stephen Ferszt; and Intellectual Property: Mary Grieco.