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June 1, 2015
Ceratizit acquires Klenk
Ceratizit SA has acquired German solid carbide toolmaker Klenk GmbH & Co. KG, augmenting the Ceratizit Group's product portfolio with custom solutions for solid-carbide round tools, according to the company. With the addition of Klenk, the Ceratizit Group aims to further strengthen its position in the solid-carbide tool market, according to Thierry Wolter of the Ceratizit Group's executive board. "It is our aim to be perceived as a global premium player for all cutting tools," he said.