Sandvik acquires Summerill Tube Corporation, a manufacturer of high precision tubes in USA
Sandvik Materials Technology has reached an agreement to acquire Summerill Tube Corporation to enable further growth in an attractive market segment. Summerill Tube Corp is a well reputed manufacturer of high precision tubes to aerospace, transportation and petrochemical.
Sandvik has signed an agreement to acquire privately owned Summerill Tube Corporation, based in Pennsylvania, USA. Summerill Tube Corporation is a manufacturer of high precision tubes and since 1892 it has delivered seamless and welded tubing in stainless steels and nickel alloys to various high demanding industries including aerospace, transportation and petrochemical.
“This is a great match for us as the capability of producing and offering stainless steel and high nickel tubes in the US market is a priority. It enables further growth in an attractive market segment", says Michael Andersson, Head of Tube Divison, Sandvik Materials Technology.