Sandvik completes acquisition of round tools manufacturer

Sandvik says that it has completed its acquisition of Polish company Fabryka Narzedzi Fanar SA, a manufacturer of round (rotary) tools.

In 2020, Fanar had revenues of around SEK175 million.

The company will report in Seco, a division within the Sandvik Manufacturing and Machining Solutions the business area, Sandvik said.

This story uses material from Sandvik, with editorial changes made by Materials Today.