Kennametal Inc., Latrobe, PA, has agreed to acquire Tricon Metals &Services, Inc. Closing is planned for October 2008. Tricon will become part of Kennametal’s Advanced Materials Solutions Group (AMSG).
Tricon is a provider of custom wear solutions specializing in consumable proprietary steels for the surface and underground mining markets, including hard rock and coal. Solutions include cladded products, wear pins, shafting and custom fabricated replacement components.
The acquisition will help Kennametal leverage its presence in emerging markets and achieve geographical balance,” according to Kennametal. In addition, Tricon’s strength in surface mining balances Kennametal’s strength in underground mining …
Kennametal Agrees to Buy Tricon
Kennametal Inc., Latrobe, PA, has agreed to acquire Tricon Metals &Services, Inc. Closing is planned for October 2008. Tricon will become part of Kennametal’s Advanced Materials Solutions Group (AMSG).
Tricon is a provider of custom wear solutions specializing in consumable proprietary steels for the surface and underground mining markets, including hard rock and coal. Solutions include cladded products, wear pins, shafting and custom fabricated replacement components.
The acquisition will help Kennametal leverage its presence in emerging markets and achieve geographical balance,” according to Kennametal. In addition, Tricon’s strength in surface mining balances Kennametal’s strength in underground mining …
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- Filed In: Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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