11/2/21 – Sweden’s Sandvik has acquired Swiss-based company Accuratech Group, a manufacturer of niched medical wire forming and components.
Accuratech includes the operations of Polyfill, which per its website makes a wide range of specialty products. Those include wires used in nano- and micro-technologies as well as in applications in the medical field; round bare wires from 0.8 mm to 0.007 mm; flat wires and ribbons used for multiple applications; electroplated wire (gold, nickel, platinum, silver and zinc); and insulated wires, from simple copper wire to multi-coated biocompatible wire or special alloys. A second company, Galvarex, provides electroplating treatments for products, including wire, for demanding industries such as medical, automotive, micro tech and electronic.
A press release said that the acquired businesses will be reported in Kanthal, a division of Sandvik Materials Technology. “I am pleased that we are continuing to execute on our shift to growth strategy,” said Sandvik President and CEO Stefan Widing. “This acquisition is an important step for Sandvik Materials Technology in the preparations to become a separately listed company. With its increased focus on areas with high growth and strong earnings potential, Sandvik Materials Technology is strengthening their position for the future.”
Kanthal announced that the company reopened its drawing mill in Hallstahammar, Sweden, on March 14 to meet increased demand for heating, resistance and thermocouple wire.
A press release said that the decision was made based on a conviction that global demand for appliance and thermocouple wire will continue to grow over time. The new production line, it said, is designed in a flexible way to secure a sustainable and cost-effective wire drawing.
“We want to support our customers to grow and stay competitive,” said Kanthal Global Supply Chain Manager Christoffer Saarnio. “To be able to do this, we must ramp up our production of Kanthal® wire to secure short and reliable lead times. With the new production line, we will be able to meet increased demand for many years to come.”
Kanthal President Nicklas Nilsson said that he was pleased to see the reopening of the mill, which first started production in 1931, and was closed in 2013. “It’s great to close the circle and once again see the drawing mill up and running.”
Part of Sweden’s Sandvik Group, Kanthal’s product lines encompass wire made in a wide range of alloys and shapes, including conductive wire, resistance heating wire and resistance wire, spray wire and therocouple wire.
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