Sandvik acquires Melin Tool Company
Walter, a division within Sandvik Machining Solutions, has reached an agreement to acquire the privately owned US based company Melin Tool Company, a manufacturer of solid carbide tools. The acquisition further strengthens Walter’s round tool offering, especially for the aerospace industry and the US channel partner market. “By this acquisition we will further strengthen our round tools offering which is in line with Sandvik Machining Solutions’ growth strategy,” says Lars Bergström, President of Sandvik Machining Solutions. “I am very pleased that we have reached an agreement to