Sandvik Coromant to acquire Dura-Mill
Sandvik Coromant has agreed to acquire Dura-Mill Inc, a manufacturer of precision solid carbide end mills.
The transaction is expected to close before the end of 2018. The purchase price was not disclosed.
“The acquisition is aligned with Sandvik Machining Solutions’ focus on growing the round tools business. Dura-Mill will add even stronger capabilities for managing customized end mills,” said Klas Forsström, president of Sandvik Machining Solutions.
“I am very pleased that we have reached an agreement to acquire Dura-Mill and make them part of Sandvik Coromant. Dura-Mill is a world class manufacturer of solid round tools for the metalworking industry, serving industries like aerospace, automotive, power generation and medical. I am convinced that our combined knowledge in products and solutions will greatly benefit our customers,” said Nadine Crauwels, president of Sandvik Coromant.
In 2017, Dura-Mill had revenues of $7.2 million and 30 employees.
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