Germany’s Schmolz to acquire tool steel maker A. Finkl & Sons
Dec 06, 2006 | 07:34 AM
| Sharon Flaherty
Schmolz + Bickenbach AG, Emmenbrücke, Germany, is acquiring A. Finkl & Sons Co., a Chicago-based producer of forged tool steels, in a deal that the Swiss steelmaker said will enable it to expand in the North American special steels market.
Schmolz + Bickenbach didn't disclose the purchase price, but the U.S. company has annual sales of around $260 million. The deal is expected to be completed in the first quarter of 2007.....
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