CERATIZIT Group acquires German diamond tool manufacturer Becker Diamantwerkzeuge
CERATIZIT S.A., Mamer, Luxembourg (headquarters) and Becker Diamantwerkzeuge, Puchheim, Germany, January 9, 2017
On January 9, 2017, the CERATIZIT Group has acquired the German company Becker Diamantwerkzeuge. Becker produces extremely wear resistant tools for the automotive, mechanical engineering, medical technology, and aerospace industries.
Becker tools are used when it comes to materials that are exotic and difficult to machine, such as aluminum, carbon fiber reinforced plastics or high alloy steel. In order to minimize the wear while machining, the cutting edges of the carbide tools are reinforced with diamonds or boron nitride.
Becker Diamantwerkzeuge employs 70 people in Puchheim near Munich, Landsberg am Lech, and Idar-Oberstein. The transaction will not change anything for the company’s customers and dealers. Alexander Becker, the former co-owner, will lead the company as Managing Director.
Both companies have agreed not to disclose any financial details.
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CERATIZIT – A passionate pioneer in the hard metal industry
For over 95 years, CERATIZIT has been a pioneer developing exceptional hard material products for cutting tools and wear protection. The privately owned company, headquartered in Mamer, Luxembourg, develops and manufactures highly specialized tungsten carbide cutting tools, inserts, rods and wear parts. The CERATIZIT Group is the market leader in several wear part application areas and develops successful new types of hard metal, cermet and ceramic grades used for instance in the wood and stone working industry.
With over 6,000 employees at 24 production sites and a sales network of over 50 branch offices, CERATIZIT is a global player in the hard metal industry. The leader in material technology is continuously investing in research and development and holds over 600 patents. Innovative hard metal solutions from CERATIZIT are used in machine and tool manufacturing and many other applications including automotive, aerospace and medical.
The internationally recognized CERATIZIT Group unites the four competence brands Cutting Solutions by CERATIZIT, Hard Material Solutions by CERATIZIT, Tool Solutions by CERATIZIT and Toolmaker Solutions by CERATIZIT. The hard metal expert also includes the subsidiaries WNT, Günther Wirth and CB-CERATIZIT, as well as the solid carbide tool manufacturers PROMAX Tools, Klenk and Cobra Carbide India.