# Sandvik Materials Technology acquires remaining 30% of Pennsylvania Extruded Tube Company

Sandvik Materials Technology acquired the remaining 30% stake in Pennsylvania Extruded Tube Company (PEXCO) from Nippon Steel Extruded Tube, taking full ownership of the Clarks Summit, Pennsylvania extruded steel tube plant.

- Type: Acquisition
- Announced: 2022-05-19
- Where: Clarks Summit, Pennsylvania, United States
- Status: completed
- Capacity: over 21 million pounds of finished product per year
- Products: extruded steel tubes (high purity stainless steel)
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sandvik Materials Technology](https://endata.com/companies/62948.md) (acquirer)
- [Pennsylvania Extruded Tube Company](https://endata.com/companies/62949.md) (target)
- [Nippon Steel Extruded Tube](https://endata.com/companies/62950.md) (partner)

## Sources

- [scrantonchamber.com](https://www.scrantonchamber.com/sandvik-materials-technology-acquires-pennsylvania-extruded-tube-company/), 2022-05-19: "This allows for future investments to fully support our strategic priorities, and I am very pleased that we continue to execute on our profitable 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.