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Sandvik to Acquire Portuguese PCD Tools Manufacturer Frezite.

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Vincent

MANews-(C)2009-2022

Sweden-based engineering company Sandvik has signed an agreement to acquire 100% of the equity interests of the Portugal-based polycrystalline diamond tools manufacturer Frezigest, SGPS, the company said.

Frezite's offering primarily consists of made-to-order polycrystalline diamond tools for metal and wood applications, with exposure to the automotive, general engineering and aerospace segments.

The company will be reported within Walter, a division within Sandvik Manufacturing and Machining Solutions.

Frezite enhances Walter's product offering within PCD aluminum products.

The company is present in Europe, Mexico and Brazil, and with its speed to market capabilities it improves Walter's value proposition and position as a manufacturer of advanced components in lightweight materials.

Frezite's competence and offering of clamping and fixtures solutions will allow Walter to offer turnkey solutions which implies interaction earlier in the customer's value chain, Sandvik said.

In addition...

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