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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.

GF Divisions Broaden Sales and Service Support with New Facility in Mexico

GF Machining Solutions and GF Piping Systems are further enhancing their direct sales and service support to customers in Mexico with the construction of a new Nuevo Leon joint headquarters. In late October, the companies conducted a groundbreaking ceremony for the 75,000-square-foot facility.