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UK cutting tool distributor Helix Tool has acquired Floyd Automatic Tooling following the decision of Richard and Chantal Floyd to retire from the business after 35 years. “Over the decades, our offering has expanded exponentially in line with both the technology and the requirements of the marketplace,” says Richard Floyd. “We’ve built partnerships with suppliers and clients that have spanned decades. The staff and management team at Floyd Automatic will undoubtedly take the Floyd brand, relationships, service and product portfolio forward with new vigour – and I wish our new owners every success in the future.” More information www.floydautomatic.co.uk