Pennsylvania-based Weiler Corporation, a provider of power brushes, abrasives and maintenance products for surface conditioning, said its Luxembourg subsidiary acquired Slovenia’s manufacturer of bonded abrasives SwatyComet from trading company Avtotehna. Terms of the transaction were not disclosed.
The acquisition of SwatyComet substantially expands Weiler’s global reach into the bonded abrasives segment. It will enable Weiler to offer a comprehensive solution to the welding, metalworking and general industrial markets. Through the transaction, Weiler adds a broad range of cut-off and grinding wheels and technical fabrics to serve industrial markets.
Geographically, Weiler Corporation focuses on the North and South American markets, whereas Swatycomet has established its presence mainly in the European and Middle Eastern markets.
SwatyComet, headquartered in Maribor, Slovenia, dates back to 1879 and has a long tradition of providing high quality abrasive products. Its products are distinguished by safety, high durability and cost efficiencies that provide customers productivity and lower operating costs. Additionally, SwatyComet has made recent significant investments in customer-driven innovations that will expand the share of SwatyComet products for the most demanding grinding and cutting applications.
“With this acquisition, we are joining two great companies and brands, both of us with proud histories that are now coming together to offer increased value to our customers around the world,” said Chris Weiler, CEO, Weiler Corporation.
“SwatyComet is excited about joining the Weiler team. The partnership will provide us with broader access to the large U.S. abrasive market and position SwatyComet for continued growth,” commented SwatyComet’s CEO, Matjaž Merkan.
SwatyComet is a leading manufacturer of bonded abrasives and technical fabrics. The group works closely with customers to deliver innovative products distinguished by safety, durability, and cost efficiency. SwatyComet has revenues of EUR 87 million and employs a staff of around 900 workers.
Avtotehna d.d., a privately-held trading company, distributes information technology and technical equipment; sells and maintains automobile; and produces waste collection vehicles and grinding tools. It imports products of various companies to the Slovenian and other markets of former Yugoslavia. It sells new cars, trucks, motor oils, and consumer goods, such as small household appliances, as well as distributes cosmetics, sanitary articles, air conditioners, tools, and batteries. The company was founded in 1953 and is based in Ljubljana, Slovenia.
As an industry leader and global manufacturer of surface conditioning solutions for the Welding & Fabrication, Industrial Production, and Maintenance, Repair & Operations markets, Weiler Corporation is dedicated to forging collaborative relationships with our customers to tackle their toughest cleaning, grinding, cutting, deburring, and finishing challenges. The company is based in Cresco, Pennsylvania.