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Weiler acquires Swatycomet from Avtotehna

PENNSYLVANIA, December 24, 2015

Weiler Corporation, a leading provider of power brushes, abrasives and maintenance products for surface conditioning, has acquired Swatycomet, a leading manufacturer of bonded abrasives in Europe, from Avtotehna.
 
The terms of the transaction were not disclosed, said a statement.
 
The acquisition of Swatycomet will substantially expand Weiler’s global reach into the bonded abrasives segment. 
 
It will enable Weiler to offer a comprehensive solution to the welding, metalworking and general industrial markets. 
 
Through the transaction, Weiler has added a broad range of cut-off and grinding wheels and technical fabrics to serve industrial markets.
 
Chris Weiler, chief executive officer, Weiler, said: “With this acquisition, we are joining two great companies and brands, both of us with proud histories that are now coming together to offer increased value to our customers around the world. 
 
"It has been a pleasure to get to know some of the members of the Swatycomet team during the sale process and I am excited to have them join the Weiler team. The complementary nature of our products, geographies and company cultures makes this a great fit. 
 
"Additionally, Weiler customers will see immediate benefit as we expand our TigerTM brand into the bonded abrasive category.”
 
Matjaž Merkan, CEO, Swatycomet, said: “Swatycomet is excited about joining the Weiler team. The partnership will provide us with broader access to the large US abrasive market and position Swatycomet for continued growth. 
 
"Our companies share common values and ambitions for market leadership. We are both driven to provide high quality, innovative solutions and excellent customer service.” - TradeArabia News Service



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