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[July 2006]
Kennametal Announces Completion of Sintec Acquisition
Kennametal Inc (Latrobe, PA, USA) has announced that it has completed the acquisition of the Sintec Group,
headquartered in Buching, Germany. The purchase of Sintec, which manufactures ceramic engineered components used in the aerospace, general engineering, metallising and medical markets, complements Kennametal's core knowledge of materials science and supports the company's strategy to grow its advanced materials business."We are excited to welcome the Sintec team to Kennametal," commented James Breisinger, Kennametal Vice President and President of Advanced Components Group. "Sintec's expertise in non-metalcutting ceramics is an excellent complement to Kennametal's core competency in ceramics systems in the
metalcutting industry, where we are one of the market leaders. This acquisition takes us into adjacent technological and geographic markets, and at the same time, we'll be able to leverage our global infrastructure to more widely leverage Sintec's technology."www.kennametal.com
ENDS