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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

DSM Recycled Plastic Wins Award

DSM Engineering Materials said Ford Motor Co., HellermannTyton, and DSM earned an Innovation Award from the Society of Plastics Engineers (SPE) for the use of Akulon RePurposed recycled ocean plastic in the Ford Bronco Sport.

SMW Autoblok Acquires Tecnomagnete

SMW Autoblok Group, a provider of industrial workholding solutions, has acquired Tecnomagnete, the world’s leading manufacturer of permanent electromagnetic clamping and lifting systems.