The tooling unit will retain the Parlec brand name.
The remaining business will focus on presetting, under the name Omega Tool Measuring Machines.
The company employs roughly 130 workers in Monroe County.
“In January 2016 the executive team at Parlec Inc. made a decision to begin to look at our business as two separate companies, tooling and presetting,” said Parlec CEO Michael Nuccitelli. “We quickly realized that the market strategies for these two product groups differed and that our growth was being compromised because of this. We also realized that we needed to continue to grow our tooling business in order to remain competitive.”