Oaklins advises Walter, a division within Sandvik Machining Solutions, in its acquisition of US-based Melin Tool Company, Inc.
Oaklins Sweden acts as financial advisor alongside Western Reserve Partners, Oaklins’ member firm based in Cleveland, US, when Walter, a division within Sandvik Machining Solutions, acquires Melin Tool Company, Inc., a US-based manufacturer of solid carbide tools. In the 12-month period ending September 2019 Melin Tool Company generated revenue of USD 22 million with 100 employees.
Sandvik, founded in 1862, is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and safety. The group holds world-leading positions in selected areas: tools and tooling systems for metal cutting; equipment tools, service and technical solutions for the mining and construction industries; products in advanced stainless steels and special alloys, as well as products for industrial heating. The Group, with some 40,000 employees and sales of approximately 100 billion SEK, is headquartered in Stockholm, Sweden and has subsidiaries in about 70 countries globally.
This transaction is yet another example of Oaklins’ ability to leverage its global presence and industry specialization in supporting the delivery on strategic agendas of leading international groups such as SandvikAdel Koubaa, Managing Partner at Oaklins Sweden