Weiler Corp. acquires Slovenian abrasives manufacturer

Weiler Corporation, provider of power brushes, abrasives and maintenance products for surface conditioning, has announced the acquisition of SWATYCOMET d.o.o., one of Europe’s leading manufacturers of bonded abrasives. Terms of the transaction were not disclosed.

The acquisition of SWATYCOMET substantially expands Weiler’s global reach into the bonded abrasives segment. It will enable Weiler to offer a comprehensive solution to the welding, metalworking and general industrial markets. Through the transaction, Weiler adds a broad range of cut-off and grinding wheels and technical fabrics to serve industrial markets.

SWATYCOMET, headquartered in Maribor, Slovenia, dates back to 1879 and has a long tradition of providing high quality abrasive products. Its products are distinguished by safety, high durability and cost efficiencies that provide customers productivity and lower operating costs. Additionally, SWATYCOMET has made recent significant investments in customer-driven innovations that will expand the share of SWATYCOMET products for the most demanding grinding and cutting applications.

“With this acquisition, we are joining two great companies and brands, both of us with proud histories that are now coming together to offer increased value to our customers around the world. It has been a pleasure to get to know some of the members of the SWATYCOMET team during the sale process and I am excited to have them join the Weiler team. The complementary nature of our products, geographies and company cultures makes this a great fit. Additionally, Weiler customers will see immediate benefit as we expand our Tiger^TM brand into the bonded abrasive category,” said Chris Weiler, CEO, Weiler Corporation.

Matjaž Merkan, CEO of SWATYCOMET, commented, “SWATYCOMET is excited about joining the Weiler team. The partnership will provide us with broader access to the large US abrasive market and position SWATYCOMET for continued growth. Our companies share common values and ambitions for market leadership. We are both driven to provide high quality, innovative solutions and excellent customer service.”

Edited from source by Elizabeth Corner

Read the article online at: https://www.worldpipelines.com/business-news/04012016/weiler-corp-acquires-slovenian-abrasives-manufacturer/