Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through Kennametal's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
4 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Kennametal acquired Greenfield Industries, a maker of consumable cutting tools and drill bits, via an all-cash tender offer at $38.00 per share to expand its metalworking consumables portfolio and distribution reach.
Purchaser, had accepted for payment 16,179,976 shares of common stock ... approximately 98% of the outstanding shares of Greenfield, tendered in response to Purchaser's tender offer for all outstanding shares at a price of $38.00 per share, net to the seller in cash.
Kennametal bought the Widia Group from Milacron to become a leading metalworking tools and engineered-products supplier in Europe and India, adding ~$240M in sales, a strong milling-consumables line and ten manufacturing plants.
Kennametal Inc. announced that it has completed the previously reported acquisition of the Widia Group from Milacron Inc. for EUR 188 million subject to post-closing adjustments.
Kennametal acquired Deloro Stellite, a producer of cobalt- and nickel-based wear- and corrosion-resistant alloys and coatings, to broaden its advanced-materials and wear-solutions business beyond core metalcutting.
On March 1, 2012, Kennametal Inc. completed the acquisition of Deloro Stellite Holdings 1 Limited for a purchase price of approximately Euro 277 million pursuant to the Share Sale and Purchase Agreement ... dated January 13, 2012.
Kennametal purchased ATI's Tungsten Materials Business (including the Stellram and Firth Sterling brands) to vertically integrate raw tungsten carbide supply and strengthen its metalworking and wear-component offerings; funded through existing credit facilities and cash.
On November 4, 2013, Kennametal Inc. completed the acquisition of the Tungsten Materials Business of Allegheny Technologies Incorporated ... for a purchase price of approximately of approximately $605 million.