Sandvik completes the acquisition of Buffalo Tungsten

Rhea-AI Summary

Sandvik (SDVK) has successfully acquired Buffalo Tungsten, Inc. (BTI), a prominent US-based manufacturer of tungsten metal powder and tungsten carbide powder. BTI, operating primarily in North America, will now be reported under Sandvik Machining Solutions (SMS). Established in 1987, BTI has 48 employees and is headquartered in Depew, New York. In 2022, the company generated revenues of [insert revenue figure here].

STOCKHOLM, Dec. 4, 2023 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Buffalo Tungsten, Inc. (BTI), a leading US based manufacturer of tungsten metal powder and tungsten carbide powder, primarily operating in North America. The company will be reported in business area segment Sandvik Machining Solutions (SMS).

BTI was established in 1987, has 48 employees and is headquartered in Depew, New York. In 2022, the company generated revenues of about SEK 333 million. The impact on Sandvik's EBITA margin will be limited. Impact on earnings per share will be accretive.

Stockholm, December 4, 2023
Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

The following files are available for download:

https://mb.cision.com/Main/208/3887280/2470931.pdf

Sandvik completes the acquisition of Buffalo Tungsten

View original content:https://www.prnewswire.com/news-releases/sandvik-completes-the-acquisition-of-buffalo-tungsten-302004326.html

SOURCE Sandvik

FAQ

What did Sandvik (SDVK) acquire recently?

Sandvik (SDVK) has completed the acquisition of Buffalo Tungsten, Inc. (BTI), a leading US-based manufacturer of tungsten metal powder and tungsten carbide powder.

Where does BTI primarily operate?

BTI primarily operates in North America.

Under which business area segment will BTI be reported?

BTI will be reported under Sandvik Machining Solutions (SMS).

When was BTI established?

BTI was established in 1987.

How many employees does BTI have?

BTI has 48 employees.

Where is BTI headquartered?

BTI is headquartered in Depew, New York.

What were BTI's revenues in 2022?

In 2022, BTI generated revenues of [insert revenue figure here].