Hardinge divides up the business but leaves the factory open

Elmira Heights, New York – Following the sale of its operations, Hardinge declared that the Elmira Heights plant will carry on under a new identity.

In accordance with the US Bankruptcy Code, Hardinge reportedly sold its workholding and global machine businesses to affiliates of Centre Lane Partners on September 19. Kellenberger will manage the global machine companies, while Forkardt Hardinge will handle the work-holding businesses. These recently established businesses will function independently under Center Lane.

Under Forkardt Hardinge, the Upper Oakwood Avenue factory will continue to operate from its current position. More than 200 workers at the plant will remain employed, and the business is hiring machinists, engineers, buyers, customer support agents, and other positions.

Forkardt Hardinge CEO Ryan Ervin stated, “Forkardt Hardinge is thrilled to carry on this tradition. The Elmira community has been our home for over 100 years.” “Workholding may not be a word that everyone knows, but some of the biggest and most technologically sophisticated companies in the world trust our products.”

Hardinge had earlier informed its staff that its Super-Precision Unit might close and had filed for Chapter 11 bankruptcy for its U.S. business at the end of July. A Centre Line affiliate provided funds to the company to enable it to continue operations during the Chapter 11 procedure, while the Super-Precision Unit was able to maintain operations thanks to funding from an unidentified source.