Kennametal Inc. announced today that it has signed a definitive agreement to purchase the Sintec Group, headquartered in Buching, Germany. The purchase of Sintec, which manufactures ceramic engineered components used in the aerospace, general engineering, metallizing and medical markets, complements Kennametal's core knowledge of materials science.The transaction is expected to close by June 30, 2006, and remains subject to customary regulatory approval and negotiated conditions of closing.
The Sintec Group was founded in 1980 and has operations around the world. The company employs about 200 people across its facilities.
Kennametal Inc. is a global supplier of tooling, engineered components and advanced materials consumed in production processes.