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Swedish manufacturer Sandvik, Stockholm, Sweden, has agreed to acquire the privately owned US-based company Dura-Mill Inc, a manufacturer of precision solid carbide end mills. Terms of the deal were 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", says Klas Forsström, President of Sandvik Machining Solutions.
The acquisition enhances Sandvik’s position and product offering in North America, primarily within the Aerospace segment. In 2017 Dura-Mill had revenues of $7.2 million.