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Article: Sandvik to Acquire Tooling Business in the US.
- Article from:
- Business Wire
- Article date:
- January 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STOCKHOLM, Sweden -- Sandvik Hard Materials has reached an agreement with Rexam, the global consumer packaging company, to acquire the beverage can tooling business in Rexam's North American Equipment Manufacturing Division in Chicago, US. The operation acquired by Sandvik represents an invoicing of about SEK 50 M.
As part of the agreement Sandvik and Rexam have entered into a long term contract where Sandvik will supply Rexam's North American beverage can operation with cemented carbide can tooling and related services in North America.
The acquisition does not include employees and premises. The operation in Chicago including machinery and equipment ...