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Manufacturing News of Note: November 2017

Acquiring a cutting tool manufacturer, growing apprenticeships in the United States and other industry news.
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The Ceratizit Group (Mamer, Luxembourg) has announced the acquisition of the Komet Group (Besigheim, Germany).

“The disruptive changes in the market environment pose enormous challenges for Komet. The acquisition by Ceratizit now opens up new opportunities for sustainable growth,” says Dr. Christof Bönsch, CEO of the Komet Group. “The takeover sees the emergence of a new global player with superior technology expertise and broad market access.”

The implementation of the company’s “Komet 2026” strategy will be continued in order to ensure job safety for the company.

The Komet brand will play a pivotal role in the Ceratizit Group’s cutting tool strategy going forward. “The synergies in terms of technical expertise in substrate development, sintering technology, cutting tool technologies and coating are substantial and represent significant added value for our customers,” says Jacques Lanners, chairman of the Ceratizit Group Executive Board. Read more.

Here is more news to note:

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