Weiler Corporation Acquires SWATYCOMET from Avtotehna
February 1, 2016
Weiler Corporation has acquired SWATYCOMET d.o.o. (SWATYCOMET), a European manufacturer of bonded abrasives. The acquisition of SWATYCOMET expands 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 adds a broad range of cut-off and grinding wheels and technical fabrics to serve industrial markets.
SWATYCOMET, headquartered in Maribor, Slovenia, dates back to 1879 and has a long tradition of providing high quality abrasive products. "Its products are distinguished by safety, high durability and cost efficiencies that provide customers productivity and lower operating costs," said a spokesperson. "Additionally, SWATYCOMET has made recent significant investments in customer-driven innovations that will expand the share of SWATYCOMET products for the most demanding grinding and cutting applications."
"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," said Chris Weiler, CEO, Weiler Corporation. "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 Tiger brand into the bonded abrasive category."
Matjaz Merkan, CEO of SWATYCOMET, commented, "This partnership will provide us with broader access to the large U.S. 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."
For more information contact:
WEILER Corporation
One Weiler Dr.
Cresco, PA 18326
800-835-9999 / 570-595-7495
info@weilercorp.com
www.weilercorp.com
SWATYCOMET, d.o.o.
www.swatycomet.com
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