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Industrial Machinery & Components

Sandvik Coromant has acquired Dura-Mill

Sandvik Coromant, a division within Sandvik Machining Solutions, has acquired US-based manufacturer of precision solid carbide end mills Dura-Mill, Inc. The acquisition enhances an already strong position and product offering in North America and primarily within the aerospace segment.

Sandvik Coromant 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 and tools, service and technical solutions for the mining and construction industries; and products in advanced stainless steels and special alloys as well as products for industrial heating. In 2017, the group had approximately 43,000 employees and sales of over US$10 billion in more than 150 countries.

Dura-Mill, a family-owned business now in its second generation, manufactures solid carbide end mills for customers in the aerospace, automotive, power generation and medical industries. Located in a state-of-the-art manufacturing facility in the heart of New York’s Tech Valley, Dura-Mill provides optimal value and performance in cutting tools for end mill applications for a wide range of custom applications.

Oaklins’ teams in Sweden and Cleveland acted as financial advisors to Sandvik Coromant. The team in Sweden obtained the mandate and coordinated with the buyer's central stakeholders throughout the process. The team in Cleveland screened the target and maintained a dialogue with the seller, as well as acted as the local lead in executing the transaction.

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 Adel  Koubaa

Adel Koubaa

Managing Partner

Stockholm, Sweden
Oaklins Sweden
 Nikolaos  Karabelas

Nikolaos Karabelas

Partner

Stockholm, Sweden
Oaklins Sweden
 Mark A. Filippell

Mark A. Filippell

Managing Director

Cleveland, United States
Oaklins Citizens Capital Markets
 Cory  Frye

Cory Frye

Associate Director

Cleveland, United States
Oaklins Citizens Capital Markets

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