Sandvik acquires the US-based Custom Electric Manufacturing
Sandvik acquires privately owned Custom Electric Manufacturing Co., headquartered in Wixom, Michigan, USA. The company is a leading manufacturer of original equipment and replacement heating elements on the North American market. “Through this acquisition we add further strength to our leading position in industrial heating systems. I am pleased to welcome the Custom Electric Manufacturing team into Kanthal and Sandvik Materials Technology”, says Göran Björkman, President, Sandvik Materials Technology. In 2017, the company had revenues of 5.2 million USD, approximately 20 employees