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Sandvik AB to Acquire Valenite

Sandvik AB to Acquire Valenite

Wednesday, June 26, 2002
 
Swedish metalcutting-toolmaker Sandvik AB has agreed to acquire Milacron’s North American metalcutting-tools business, Valenite, Madison Heights, MI. Valenite, with 1300 employees, will remain a separate company within the Sandvik Tooling business area. Valenite sold for $175 million; its 2001 revenues were $200 million, yielding an operating profit of $3 million.

 

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