Manufacturing Technology

CERATIZIT Group acquires Klenk 26 August 2015

CERATIZIT S.A has acquired the German manufacturer of solid carbide cutting tools – Klenk GmbH & Co KG. The CERATIZIT Group is thereby expanding its product portfolio with customised solutions for solid carbide round tools.

The purchase is part of CERATIZIT’s worldwide acquisition strategy and reinforces the positioning of the Group as a premium provider of all kinds of cutting tools. It also advances CERATIZIT’s growth in the aerospace, automotive and medical technology industries, as well as further strengthening its position in the solid carbide tools market.
“It is our aim to be perceived as a global premium player for all cutting tools,” explains Thierry Wolter, member of the executive board of the CERATIZIT Group. “With this acquisition we are expanding our product portfolio.”
At the same time Klenk will profit from the global sales network of the CERATIZIT Group and its strong presence on the world market. For its production Klenk will be able to draw rods and blanks from the competence brand toolmaker solutions by CERATIZIT. The solid carbide tool manufacturer’s own ‘Klenk’ brand will be kept.
The takeover by CERATIZIT was signed on 28th May, pending the approval of the antitrust authorities. Both private companies have agreed not to disclose any financial details.
Photo left to right: Karlheinz Wex, co-chairman of the executive board of CERATIZIT S.A, Horst Klenk, managing director of Klenk GmbH & Co KG, and Thierry Wolter, member of the executive board of CERATIZIT S.A, at the contract signing.

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