# Sandvik acquires Thermaltek Inc.

Sandvik AB acquired privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA.

- Type: Acquisition
- Announced: 2020-01-01
- Where: North Carolina, United States
- Status: completed
- Products: high temperature furnace systems, metallic heating elements
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Sandvik](https://endata.com/companies/6190.md) (acquirer)
- [Walter AG](https://endata.com/companies/16788.md) (acquirer)
- [Thermaltek Inc.](https://endata.com/companies/44246.md) (target)
- [Melin Tool Company](https://endata.com/companies/44274.md) (target)

## Sources

- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2020/01/sandvik-acquires-thermaltek/), 2020-01-01: "Sandvik acquires privately owned Thermaltek Inc., a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina, USA."
- [home.sandvik](https://www.home.sandvik/en/news-and-media/news/2020/01/sandvik-acquires-melin-tool-company/), 2020-01-02: "By this acquisition we will further strengthen our round tools offering which is in line with Sandvik Machining Solutions’ growth strategy."

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