Sandvik Group, a global engineering group based in Sweden, has acquired a manufacturer of high temperature furnace systems and metallic heating elements headquartered in North Carolina.
Sandvik, which offers products for industrial heating, has purchased Thermaltek, Inc., a producer of furnace systems for handling nonferrous alloys, including aluminum, magnesium, brass, and tin. They also design and create custom high-temperature furnaces and heating equipment for ceramic applications.
President of Sandvik
Materials Technology
“Through this acquisition we add further strength to our leading position in industrial heating, a strategically important growth area for our Kanthal division within Sandvik Materials Technology,” says Göran Björkman, President, Sandvik Materials Technology.
Thermaltek will continue to go to market under its own brand.
