Sandvik to acquire tungsten powder manufacturer Buffalo Tungsten [Yahoo! Finance]
SANDVIK AB S/ADR (SDVKY)
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home.sandvik/en/investors/share-price-monitor/adr-program
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Source: Yahoo! Finance
tungsten metal powder and tungsten carbide powder, primarily operating in North America . The company will be reported within the business area segment Sandvik Machining Solutions (SMS). With the acquisition of BTI, Sandvik further expands its presence in the North American market and strengthens its regional capabilities in the component manufacturing value chain. The integration of BTI offers synergy potential, by optimizing materials sourcing and increasing the rate of locally produced tungsten metal powder, through its facility in Depew, NY , US. This will complement Sandvik's already existing production of similar products at Wolfram in St. Martin Austria "With the acquisition of BTI we take an important step in our strategic ambition to strengthen our presence in the North American market. BTI will enhance our regional capacity to produce tungsten powder locally in US, which will improve our competitive position," says Stefan Widing , President and CEO of Sandvik. "With BT
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- Sandvik (OTCMKTS:SDVKY) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- Sandvik (OTCMKTS:SDVKY) had its "buy" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
- Sandvik (OTCMKTS:SDVKY) had its "overweight" rating reaffirmed by analysts at Barclays PLC.MarketBeat
- Sandvik (OTCMKTS:SDVKY) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Sandvik (OTCMKTS:SDVKY) was upgraded by analysts at Rothschild Redb from a "hold" rating to a "strong-buy" rating.MarketBeat