MTTG acquires assets of lathe producer Dean Smith & Grace

Machine Tool Technology Group (MTTG), a provider of advanced metal-cutting products, has acquired the assets of Dean Smith & Grace (DSG), a UK-based manufacturer of manual and CNC lathes.

DSG, situated in Keighley, manufactures, distributes and supports a range of high-quality horizontal lathes. Its installed base of more than 43,000 machine tools is used by industries such as oil and gas, aerospace, medical, tool and die, power generation and high-end automotive.

According to Carl Griffiths, MTTG chief executive officer, DSG products will help the company to expand its activities into new sectors and to further consolidate its existing oil and gas activities.