Kyocera Unimerco (KUA), the Kyocera Group’s subsidiary in charge of manufacturing and sales of industrial cutting tools, has acquired Garsdalo Medienos Technologija UAB, a manufacturer and distributor of woodworking tools.
GMT is now a wholly owned subsidiary of KUA. Through this acquisition, KUA aims to strengthen its woodworking tool business currently centered in Northern Europe, and nearly double its sales in this business segment by 2020.
Expanding market
In Central and Eastern Europe, the woodworking market for processing building material and furniture is expanding, resulting in an increase in demand for processing tools, the company says. Based on this growth, KUA had been considering expanding its business into these markets.
In addition to its core business of manufacturing and supplying cutting tools for the automotive industry, KUA also markets custom-made tools in the field of woodworking based on the company’s strong technological capabilities.
GMT has been a distributor of KUA since 1998 and has 42 employees.
This story is reprinted from material from Kyocera, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
