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Sandvik completes acquisition of Summerill Tube

Sandvik AB completed the acquisition of Pennsylvania-based high precision tube manufacturer Summerill Tube Corp.

Financial terms of the transaction were not disclosed.

Summerill Tube delivers welded tubing in stainless steels and nickel alloys to aerospace, transportation and petrochemical industries, among others.

"The deal has a limited impact on earnings per share from the start," Sandvik said.