trending Market Intelligence /marketintelligence/en/news-insights/trending/liasDtXLyCvQZjzIDB1hsg2 content esgSubNav
In This List

Sandvik division acquires US company Melin Tool

Blog

Greater China M&A By the Numbers: Q4 2023

CASE STUDY

An Insurance Company Uses S&P Capital IQ Workbench to Uncover Insights from SEC Filings

Podcast

Next in Tech | Ep. 176: Challenges in Critical Infrastructure Security

Blog

Greater China M&A By the Numbers: Q3 2023


Sandvik division acquires US company Melin Tool

Walter AG, a division of Sandvik Machining Solutions AB, acquired the U.S.-based solid carbide toolmaker Melin Tool Co. Inc.

In a Jan. 2 statement, Walter said it closed the deal Dec. 31, 2019, with both parties agreeing to withhold the purchase price.

Sandvik AB, the Swedish parent company of Sandvik Machining Solutions, said the deal will not affect its earnings per share.

In the year ended September 2019, Melin Tool Co. generated $22 million in revenue and had 100 employees.