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ALLEGHANY CAPITAL CORPORATION ANNOUNCES FORMATION OF PRECISION CUTTING TECHNOLOGIES AND ACQUISITION OF CID PERFORMANCE TOOLING

  NEW YORK, June 24, 2019 /PRNewswire/ — 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, CID is a leading manufacturer of high-performance solid carbide…

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