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Rollomatic Names New CEO

Rollomatic Inc., a subsidiary of Rollomatic Holding Switzerland, announced the appointment of Joe Kane as CEO of Rollomatic Inc. as of Jan. 1.

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.