KAISER Precision Tooling strengthens alliance with BIG Daishowa
Rümlang, Switzerland -- KAISER Precision Tooling Ltd has determined to strengthen its partnership with its long-term partner, BIG Daishowa Seiki Co Ltd of Japan, and agreed to become a company of the BIG Daishowa group as of April 15, 2015.
Executive management will remain in place following the transaction, with Peter Elmer as CEO leading European operations, and CEO Chris Kaiser overseeing North American operations. The original KAISER facility in Rümlang, Switzerland, will continue to have an integral role in the company’s worldwide R&D and manufacturing strategy.
“Our family has been working for some time on a succession plan to ensure the continued growth and success of this company,” says Chris Kaiser. “With 35 years of successful collaboration with BIG Daishowa, we are confident KAISER is in the right hands for the future.”
The strengthened alliance is expected to help the company balance manufacturing resources and market and currency fluctuations around the globe. Customers will benefit from a fully consolidated portfolio of tooling solutions and ancillary products. Following the alliance, BIG Daishowa will have approximately 900 employees.
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