Sandvik Materials Technology

Dormer Pramet, a division within Sweden-based Sandvik Machining Solutions, has acquired Wetmore Tool & Eng.

The Chino, Calif., company manufactures round tools for the aerospace industry.

Sandvik Coromant, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned U.S.-based company Dura-Mill Inc., a manufacturer of precision solid carbide end mills.

The transaction is expected to close before the end of 2018.

Sandvik Materials Technology has signed an agreement to divest its stainless wire business to Zapp Group, a Germany-based, family-owned supplier of advanced metal products. This completes the full scope of the divestment plan for the welding and stainless wire operations, initially announced on May...

Sweden-based Sandvik has divested its 50 percent stake in Fagersta Stainless wire rod mill, a joint venture between Sandvik Materials Technology and Outokumpu.

Outokumpu will take full ownership of Fagersta Stainless.

Sandvik has announced plans to invest about $25 million in a new plant for manufacturing titanium and nickel fine metal powders. The facility will be located in Sandviken, Sweden, near the company’s in-house titanium raw material supply and the center for additive manufacturing. It is expected to...

ESAB Welding & Cutting Products, Annapolis Junction, Md., has completed the acquisition of the Sandvik welding operations, including production units in Scranton, Pa., and Sandviken, Sweden; the technical sales and product management organization; as well as multiyear strategic collaboration on R&D...

Sandvik has signed an agreement to divest Hyperion to U.S. investment firm KKR. Hyperion, which has about 1,400 employees, delivers wear-resistant tools, applications, and components in hard and superhard materials. "I'm pleased that we have found a new owner who will support Hyperion's continued...

Sandvik Materials Technology has signed an agreement to divest its welding wire operations to ESAB, a provider of welding products and part of Colfax Corp. The deal includes the production units in Sandviken, Sweden, and Scranton, Pa., as well as the global sales and product management...

Sweden-based Sandvik has signed a contract for the supply of stainless steel tubes required for 155 miles of umbilicals. The contract value is approximately $85.5 million, and deliveries will take place from the end of 2017 through the first half of 2018. Umbilical systems are connections used to...

Stockholm-based Sandvik Materials Technology has announced its intention to divest its welding and stainless wire operations. These businesses are subject to intense competition, and the company does not hold a No. 1 or 2 market position. The company will retain its Kanthal wire business for...

Sandvik Materials Technology, a developer and manufacturer of products in advanced stainless steels and special alloys, has launched an online e-commerce system, through which existing customers in the U.S. can check their orders. The new system allows users to browse the company’s stock of...