The 2020 Mid-Year Economic Update_long

Sandvik to Divest Stake in Fagersta Stainless

Manufacturer continues plans to exit the stainless wire business.

Swedish manufacturer Sandvik Materials Technology will divest its 50 percent stake in Fagersta Stainless wire rod mill, a joint venture between Sandvik Materials Technology and Outokumpu. The move is in line with Sandvik’s intention to exit the stainless wire business, announced last year.

Outokumpu will take full ownership of Fagersta Stainless for the purchase price of SEK 184 million (US$21 million). The transaction is expected to close by the end of June 2018.


About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By :