M&A Deal Summary

Kennametal Acquires Widia Group

On May 6, 2002, Kennametal acquired manufacturer Widia Group from Milacron Holdings for 188M EUR

Acquisition Highlights
  • This is Kennametal’s 1st transaction in the Manufacturing sector.
  • This is Kennametal’s 4th largest (disclosed) transaction.
  • This is Kennametal’s 2nd transaction in Germany.

M&A Deal Summary
Date 2002-05-06
Target Widia Group
Sector Manufacturing
Buyer(s) Kennametal
Sellers(s) Milacron Holdings
Deal Type Divestiture
Deal Value 188M EUR

Target

Widia Group

Germany
Widia is a manufacturer and marketer of metalworking tools, engineered products and related services in Europe and India.

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Buyer(S) 1

Buyer

Kennametal

Pittsburgh, Pennsylvania, United States

website

Category Company
Founded 1938
Sector Machinery
Employees8,700
Revenue 2.1B USD (2023)
DESCRIPTION
Kennametal trade show display booth at the 2014 IMTS show in Chicago.
Kennametal trade show display booth at the 2014 IMTS show in Chicago.

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 4 of 14
Sector (Manufacturing) 1 of 2
Type (Divestiture) 1 of 2
Country (Germany) 2 of 4
Year (2002) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-11 Rule Industries

Burlington, Massachusetts, United States

Rule Industries, Inc. is a manufacturer of marine products, including such industry standards as the Rule submersible pump and Danforth anchors and compasses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-08 Conforma Clad

New Albany, Indiana, United States

Conforma Clad uses a proprietary process for applying tungsten carbide coatings to metal substrates to substantially improve wear and corrosion resistance.

Buy $65M

Seller(S) 1

SELLER

Milacron Holdings

Cincinnati, Ohio, United States

website

Category Company
Founded 2000
Sector Plastics
Employees4,100
Revenue 1.3B USD (2018)
DESCRIPTION

Milacron Holdings Corp. provides plastics processing equipment, technologies, and services. It offers hot runner systems, temperature controllers, and auxiliary equipment; and mold bases, mold components, cold runner systems, and control systems for the plastics industry. Milacron Holdings was founded in 2000 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 2 of 4
Sector (Manufacturing) 1 of 2
Type (Divestiture) 2 of 4
Country (Germany) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Vickers Electronics Systems

United States

Vickers Electronics Systems is a manufacturer of electronic motion control systems, including controls software, motors and drives for manufacturing. The business provides PC-based open architecture controllers and complete after-market services for machine tool and plastics processing markets and a broad range of other industries. VES has four manufacturing locations, two in the greater Cincinnati, Ohio area, one in Bedford, England and one in Casella, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-03 Cimform

Cincinnati, Ohio, United States

Cimform is a North American producer of vitrified and resin-bonded grinding wheels with advanced conventional, synthetic and super abrasive technology.

Sell -
Mergr

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