Kennametal Inc., Latrobe, PA, has acquired Camco Cutting Tools and Advanced Powder Fusion, Kelowna, British Columbia, a manufacturer of specialized saw tips and supplies to the forestry and woodworking industry in Canada and the U.S.
Camco and its 40 employees joined Kennametal’s Engineered Products Group effective Aug. 31, 2006. These new products and technologies add to Kennametal’s offerings allowing for expansion into new and adjacent markets including Asia Pacific and Europe.
“The acquisition of Camco serves as an example of how we are moving to grow our advanced materials business both organically and through strategically aligned acquisitions,” said Kennametal President and CEO Carlos Cardoso.
Kennametal is a global supplier of tooling, engineered components and advanced materials consumed in production processes. Customers buy over $2.3 billion annually of Kennametal products and services in over 60 countries. Almost 50% of revenues come from outside the U.S.