Sandvik acquires US based tap manufacturer Balax
Sandvik has completed the acquisition of the assets of US based company Balax, Inc. (“Balax”), a leading supplier of carbide and HSS cut taps and roll forming taps, primarily within the general engineering and automotive segments. The company will be reported in Walter, a division within the business area Sandvik Manufacturing and Machining Solutions. “The acquisition of Balax is the second acquisition by GWS during Sandvik’s ownership and is well aligned with the shift to growth strategy. Balax will strengthen our tap offering on the North American market”, says Stefan Widing, CEO and