SMT divests welding wire business

Sandvik Materials Technology (SMT) has signed an agreement to divest its welding wire operations to ESAB, a part of Colfax Corporation.

The deal includes the production units in Sandviken, Sweden and Scranton, US as well as the global sales and product management organization; in total approximately 120 employees.

The process to exit the stainless wire business, with about SEK 270M in sales 2016, is progressing according to plan.

Previous articleNew Nadcap accreditation for Fine Tubes
Next articleRussel Davies new CEO at Ramco Group
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.