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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.

CERATIZIT Introduces New Tool

CERATIZIT said it has developed a combination tool for heavy goods vehicle (HGV) freeze plug/water plug boring.

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.