Walter has acquired Melin Tool Company

December 2019 — Walter AG, a Sandvik company, has acquired Melin Tool Company. The US is a key market for Walter and this acquisition strengthens its round tool offering, especially for the aerospace industry and the US channel partner market.

Walter is one of the world's leading metalworking companies. As a provider of specialized machining solutions, Walter offers a wide range of precision tools for milling, turning, drilling and threading applications. Walter works together with its customers to develop custom solutions for fully machining components for use in the aviation and aerospace industries, as well as automotive, energy, and general engineering. As an innovative partner capable of creating digital process solutions for optimal efficiency, Walter is pioneering Industry 4.0 throughout the machining industry. With around 3,500 employees worldwide, together with its numerous subsidiaries and sales partners, Walter serves customers in over 80 different countries. The acquisition gives Walter's customers access to advanced cutting tool solutions and responsive support. A stronger footprint presence in the US allows Walter to grow the inch assortments in line with local market requirements and to support the market with customized tooling solutions even better.

Melin Tool Company, established in 1940, is a US-based provider of high quality round tools, primarily standards. The company's offering is focused on solid carbide end mills, drills and countersinks to the aerospace and medical sectors.

Our role in the transaction

Oaklins’ teams in Sweden and Cleveland acted as financial advisors to Walter and its owner, Sandvik Machining Solutions, throughout the acquisition process.