Quick Order Page
successfully added to cart
View Cart


Mark all as read
Mobile Menu
Need Help? Contact an Expert site stretcher close

Kennametal Inc. announced today that it has acquired the remaining outstanding shares in its Turkish sales company, Kennametal Turkey A.S. This acquisition increases Kennametal's ownership in this company from 64 percent to 100 percent.

Kennametal acquired a majority ownership in 1999 and has since enjoyed strong sales growth and penetration in the Turkish market. Through this presence, Kennametal established a robust sales, service and distribution infrastructure in Turkey as well as created many important and expanding customer relationships in this rapidly developing economy. Over the past few years, Kennametal Turkey A.S. has also averaged strong double-digit sales growth. This acquisition, though small, is in alignment with Kennametal's growth strategy. The sales company employs 14 sales and service professionals.

"Obtaining full ownership of this company is just another example of our ongoing strategy to invest and grow our business in developing markets around the world," said Carlos Cardoso, Kennametal President and CEO. "When we initially acquired a majority interest, we believed customers would be eager for our products and services in order to continually increase their own competitiveness. We were right, and when the opportunity presented itself, we decided to purchase the remaining portion of the company."

At Kennametal, mergers and acquisitions are conducted according to a disciplined process that is part of the Kennametal Value Business System (KVBS).

Kennametal Inc. is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers' competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains. Customers buy over $2.3 billion annually of Kennametal products and services -- delivered by our 14,000 talented employees in over 60 countries -- with almost 50 percent of these revenues coming from outside the United States. Visit us at www.kennametal.com. [KMT-G]

SOURCE: Kennametal Inc.

CONTACT: Investor Relations, Quynh McGuire, +1-724-539-6559, or Media
Relations, Joy Chandler, +1-724-539-4618, both of Kennametal Inc.

Please adjust the following properties from

ISO Catalog Number

ANSI Catalog Number

to find similar products.
You are about to create a duplicate . Do you want to proceed?
You are about to delete Do you want to proceed?
What would you like to rename your to?
Please enter a valid name
Please enter a name for the duplicate
Please enter a valid name
You are about to add to your My Solutions page. Do you want to proceed?
Please enter a valid name
Send a copy of

Please enter a valid Email
Please enter a valid name

The following CAD files are available

Please select a file to download

You should be logged to see your dashboard information
Session expired due to inactivity, please login again
The product/s () you were trying to add to the cart is/are not available, please contact customer service.
item(s) successfully added to the cart
View Cart

. Please enter the desired qty for the material(s) you want to include in your promotion or Proceed Without Promotion and only your base materials will be added to the cart.

SAP Material Number ISO Catalog Number Grade    
Thank you for your registration, pending approval & completion of the registration, your access is currently limited. Full utilization of product search capabilities & collaboration space is available and will remain. Please allow 2 business days for registration completion.

You are about to leave the Solution building process.

Are you sure you want to leave?