23MM X 50MM 12,000-Series Annular Cutter - Stack Cut. Hougen annular cutter with Stack Cut tooth geometry for cutting through two or more plates at one time. Cuts holes faster, more accurate and cleaner than competitive tools. Unique Hougen features provide the best performance in the widest range of materials. Made in USA. Hougen 12,000-Series Annular Cutter. Made with stack-cut geometry for cutting thru two or more pieces of steel at one time. Cuts holes faster, more accurate and cleaner than competitive tools. Unique Hougen features provide the best performance in the widest range of materials. 3/4 two flat Fusion2™ shank - fits Hougen mag drills and one-touch arbor systems. Made in USA.