The 2020 Mid-Year Economic Update_long

Sandvik Acquires Minority Interest in UT-based Manufacturer

Swedish manufacturer Sandvik Group's Tooling unit has agreed to buy 49% of Precorp Inc., Spanish Fork, UT.
 
Precorp is a developer, producer and supplier of polycrystalline diamond (PCD) and cemented-carbide tools for machining of advanced composite materials as well as many other materials used by the aerospace and automotive industries. In 2007, Precorp had sales of SEK 140M (US$23 million), with 140 employees.
 
Sandvik is a global industrial group producing tools for metal cutting, machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. The group is in 130 countries.
 
Sandvik Tooling is a business area within the Sandvik Group focused on tools and tooling ...

Swedish manufacturer Sandvik Group’s Tooling unit has agreed to buy 49% of Precorp Inc., Spanish Fork, UT.
 
Precorp is a developer, producer and supplier of polycrystalline diamond (PCD) and cemented-carbide tools for machining of advanced composite materials as well as many other materials used by the aerospace and automotive industries. In 2007, Precorp had sales of SEK 140M (US$23 million), with 140 employees.
 
Sandvik is a global industrial group producing tools for metal cutting, machinery and tools for rock excavation, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. The group is in 130 countries.
 
Sandvik Tooling is a business area within the Sandvik Group focused on tools and tooling systems for cutting operations as well as of wear parts and superabrasive components.

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 : XYZScripts.com