Alleghany Capital Corporation Announces Formation of Precision Cutting Technologies and Acquisition of CID Performance Tooling

CID Performance Tooling

NEW YORK, NY, June 24, 2019 – Alleghany Capital Corporation (“Alleghany Capital”), a wholly-owned subsidiary of Alleghany Corporation, today announced the formation of Precision Cutting Technologies, Inc. (“Precision Cutting Technologies”) and the acquisition by Precision Cutting Technologies of a majority interest in Coastal Industrial Distributors, LLC, dba CID Performance Tooling (“CID”).  Headquartered in Saco, Maine,…

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