Sandvik has acquired Thermaltek, a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.
In the 12-month period ending in September 2019, Thermaltek generated revenues of US$13 million and has 30 employees.
‘Through this acquisition we add further strength to our leading position in industrial heating, a strategically important growth area for our Kanthal division within Sandvik Materials Technology,’ said Göran Björkman, president of Sandvik Materials Technology.
This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.