K&T 205 S-12 Last Resort - Page 2
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  1. #21
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    Good Job! Nice to hear you got her fixed
    Maybe you could upload some videos of this beauty running to YouTube and share the link here ?

  2. #22
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    When I look at that machine I scratch my head and wonder why K&T are no longer in business. That's a really beautifully designed and put together milling machine. You got a bargain there.

    Regards Tyrone.

  3. #23
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    Quote Originally Posted by Tyrone Shoelaces View Post
    When I look at that machine I scratch my head and wonder why K&T are no longer in business. That's a really beautifully designed and put together milling machine. You got a bargain there.

    Regards Tyrone.

    I believe K&T had some major lawsuits over some of their early eighty's programable mills. I'm not sure how bad that hurt them. I agree that they should still making mills.
    Poor management ? It was a loss of an icon.

    Reverendvaughn
    Congrats on fixing the leak. Those leaks can be hard to find.

    Edit.
    Here is a thread about the downfall of K&T. Read post # 11
    K&T history links

    Post #11 below
    K&T Old Timer
    Plastic

    I worked for K&T for over 26 years. Here is what happened.

    K&T was very profitable in the late 70's. The president of K&T arranged the merger with Cross Co. A holding company (Cross & Trecker) was formed. Cross Company and K&T operated as independant companies.

    In 1984, Cross & Trecker purchased Warner & Swasey from Allied Bendix.

    In the mid to late 80's W&S and K&T had some profitability problems. In 1989 K&T combined with W&S to become KT Swasey. There were some workforce reductions but profitability was still a problem.

    Bill Fife was hired as President of K&T in late 1985. He made some sweeping changes in operations of K&T. Some were good some were not so good. In 1987 Bill Fife was hired as President of G&L.

    At G&L Bill Fife made many changes and eventually led a team that took G&L Public from AMCA. In July of 1989 G&L sold 10,000,000 shares of stock at $14 and became a public company with Bill Fife as Chairman and CEO.

    In the next few years G&L was profitable and the share price grew on the market. Business was good at G&L and in 1991 G&L purchased all of Cross & Trecker.

    After the aquisition, the decision was made to eliminate the K&T, W&S, Cross, and Sheffield brand mames. Variouss restructuring moves took place including the closing of the K&T plant in 1992. W&S and Sheffield plants were also closed and operations moved to Fond du Lac, WI

    Many salaried and hourly employees of K&T moved to G&L. All K&T and W&S service reps were retained.

    In 1997 G&L was purchased by Thyssen Corp. (A large German company, also a machine tool builder)

    In 2005, Thyssen sold all of their machine tool operations including G&L to Maxcor, a private U.S. Company.

    Support of all K&T products is maintained by G&L in Fond du Lac, WI. G&L has service reps located throughout the US that service G&L, K&T, and W&S products.




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