M&A Deal Summary

Kennametal Acquires Greenfield Industries

On October 12, 1997, Kennametal acquired machinery company Greenfield Industries for 1.0B USD

Acquisition Highlights
  • This is Kennametal’s 2nd transaction in the Machinery sector.
  • This is Kennametal’s largest (disclosed) transaction.
  • This is Kennametal’s 2nd transaction in the United States.
  • This is Kennametal’s 1st transaction in South Carolina.

M&A Deal Summary
Date 1997-10-12
Target Greenfield Industries
Sector Machinery
Buyer(s) Kennametal
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Greenfield Industries

Seneca, South Carolina, United States
Greenfield Industries, Inc. is a worldwide manufacturer of consumable cutting tools and related products used in a variety of industrial, electronics, energy and construction, engineered and consumer markets. Greenfield also manufactures and sells various products for the marine industry.

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Buyer(S) 1

Buyer

Kennametal

Pittsburgh, Pennsylvania, United States
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 3 of 14
Sector (Machinery) 2 of 5
Type (Add-on Acquisition) 3 of 12
State (South Carolina) 1 of 1
Country (United States) 2 of 8
Year (1997) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 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.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

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