M&A Deal Summary

Kennametal Acquires Tricon Metals & Services

On August 25, 2008, Kennametal acquired metals/mining company Tricon Metals & Services

Acquisition Highlights
  • This is Kennametal’s 2nd transaction in the Metals/Mining sector.
  • This is Kennametal’s 6th transaction in the United States.
  • This is Kennametal’s 1st transaction in Alabama.

M&A Deal Summary
Date 2008-08-25
Target Tricon Metals & Services
Sector Metals/Mining
Buyer(s) Kennametal
Deal Type Add-on Acquisition

Target

Tricon Metals & Services

Birmingham, Alabama, United States
Tricon Metals & Services, Inc. is a provider of custom wear solutions specializing in consumable proprietary steels for the surface and underground mining markets, including hard rock and coal. Solutions include cladded products, wear pins, shafting and custom fabricated replacement components.

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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 10 of 14
Sector (Metals/Mining) 2 of 3
Type (Add-on Acquisition) 9 of 12
State (Alabama) 1 of 2
Country (United States) 6 of 8
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-22 International Specialty Alloys

New Castle, Pennsylvania, United States

International Specialty Alloys, Inc. is a producer of specialty alloys and elemental materials for the aerospace, superalloy and computer industries. International Specialty Alloys is based in New Castle, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Tricon

Irondale, Alabama, United States

Tricon is a provider of abrasion-resistant steel products and expertise to the power, mining, quarrying, construction, timber, paper, and allied industries. Tricon was formed in 1968 and is based in Irondale, Alabama.

Buy -
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