Sandvik Acquires US-based Tungsten Powder Manufacturer Buffalo Tungsten

STOCKHOLM, Sweden, Dec 7, 2023 – Sandvik has completed the previously announced acquisition of Buffalo Tungsten, Inc. (BTI), a leading US-based manufacturer of tungsten metal powder and tungsten carbide powder, primarily operating in North America. The company will be reported in business area segment Sandvik Machining Solutions (SMS).

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BTI was established in 1987, has 48 employees and is headquartered in Depew, New York. In 2022, the company generated revenues of about SEK 333 million. The impact on Sandvik’s EBITA margin will be limited. Impact on earnings per share will be accretive.

About Sandvik Group

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers’ processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2022 the Group had approximately 40,000 employees and revenues of about 112 billion SEK in about 150 countries within continuing operations. 

For more information, visit https://www.home.sandvik.

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Nitin Patil

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Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master’s in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.

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