CERATIZIT acquires US company Newcomer Products

“By acquiring Newcomer Products, we have strengthened our position in the US hardmetal products market,” says Michael Schwarzkopf, Chairman of the Plansee Group’s Executive Board. In the United States, the three Plansee Group divisions employ approximately 1,000 people in ten production and sales companies.

Privately owned Newcomer Products, headquartered in Latrobe, Pennsylvania, specializes in the manufacture of cemented carbide products for metal cutting and wear applications. The company was founded in 1945. Today Newcomer Products employs 130 people and achieved sales of over 20 million dollars in 2006.

Ceratizit employs 4,000 people and achieved sales of approximately 550 million euros in the 2006/07 fiscal year.

With its three divisions – Plansee High Performance Materials, Ceratizit and PMG – the Plansee Group is one of the world’s leading suppliers of powder metallurgical products and components.

Ignoring different shares of ownership, the Group achieved worldwide sales of over 1.4 billion euros in the 2006/07 fiscal year, and employed a total of 8,800 people.