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Element Six completes its acquisition of Barat Carbide Group
05 Oct 2007 -
Element Six announces the completion of its acquisition of Barat Carbide Holding GmbH from the German private equity investor, Equita. The acquisition is one of the largest and most significant in the group's history and raises the group's total turnover to US$0.5bn and the number of employees to 4,000.
New business opportunities
The acquisition brings together companies with positions in complementary fields. Barat Carbide is in the development and manufacturing of tungsten carbide wear solutions for soft rock tools in mining, construction and road planing as well as wear parts for oil & gas, chemical and other industries.
Element Six is in the development of synthetic diamond and cubic boron nitride for various industrial applications. Its products are mainly used in the manufacture of tools for applications including drilling, sawing, cutting, grinding and polishing of many different materials ranging from ferrous and non-ferrous metals, natural stone and concrete, wood based materials, plastics, glass and ceramics. Another arm of its business deals with synthetic diamond products for use advanced engineering solutions in medical, optical, radio frequency, thermal management and precision applications.
Materials science research is in an extremely active and exciting phase with the development of a variety of new processing technologies driving a convergence between superabrasives and tungsten carbide- materials that have been perceived as having distinct markets and application areas.
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