Hardinge Inc – ‘8-K’ for 11/29/95 – EX-99.1

As of:  Monday, 12/11/95   ·   For:  11/29/95   ·   Accession #:  950146-95-789   ·   File #:  0-15760

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         6     14K 
 2: EX-2        Plan of Acquisition, Reorganization, Arrangement,     62    156K 
                          Liquidation or Succession                              
 3: EX-99.1     Miscellaneous Exhibit                                  1      6K 

EX-99.1   —   Miscellaneous Exhibit

                                                              Exhibit 99.1

PRESS RELEASE 

Contacts:      Malcolm Gibson                          Cameron King             
              Chief Financial Officer                 Gavin Anderson & Company
  607-734-2281                            212-373-0200

                                                   FOR IMMEDIATE RELEASE

HARDINGE COMPLETES ACQUISITION OF 
SWISS GRINDING MACHINE MANUFACTURER 

ELMIRA, NY -- November 29, 1995 -- Hardinge Inc. (NASDAQ:HDNG), a leading       
machine tool manufacturer, today announced that it has completed its            
acquisition of L. Kellenberger & Co., AG, a Swiss manufacturer of precision     
grinding machines.                                                              

Kellenbenger's 1995 sales are expected to be approximately US$30 million, with  
about one-third of that total in the United States and two-thirds in Europe and 
the Far East. Hardinge currently does not anticipate that the acquisition will  
have a material effect on near-term consolidated net income. Hardinge financed  
the acquisition with borrowings under its revolving credit facility and expects 
to arrange longer-term financing in the near future.                            

Hardinge Inc., founded over 100 years ago, is a leading machine tool            
manufacturer. The company designs and manufactures metal cutting lathes and     
machining centers as well as related tooling and accessories which are sold to  
customers in a variety of industries throughout the world. Hardinge's common    
stock began trading on NASDAQ on May 25, 1995.                                  

*** 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		12/11/95
For Period End:		11/29/95		8-K/A
		5/25/95		S-2/A
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