# CERATIZIT acquires 70% stake in Changzhou CW Toolmaker

CB-CERATIZIT, a joint venture of CERATIZIT, acquired 70% of Changzhou CW Toolmaker Inc., a Chinese manufacturer of carbide cutting tools for electronics and other industries.

- Type: Acquisition
- Announced: 2020-01-01
- Where: Changzhou, China
- Status: completed
- Products: carbide cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ceratizit Group](https://endata.com/companies/16606.md) (acquirer)
- [Changzhou CW Toolmaker Inc.](https://endata.com/companies/44245.md) (target)

## Sources

- [messe-stuttgart.de](https://www.messe-stuttgart.de/efx/newsroom/details/ceratizit-gibt-die-uebernahme-von-changzhou-cw-toolmaker-inc-bekannt/), 2020-01-01: "Die Übernahme von Changzhou CW Toolmaker Inc. ist ein wichtiger Teil der Wachstumsstrategie von CB-CERATIZIT in Asien."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.