SDVKY - Sandvik completes the acquisition of Buffalo Tungsten

PR Newswire

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.

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SOURCE Sandvik