Sandvik completes Buffalo Tungsten acquisition
December 6, 2023
Sweden’s Sandvik AB has completed its previously announced purchase of Buffalo Tungsten, Inc (BTI), headquartered in Depew, New York, USA.
BTI was established in 1987 and has been a leading independent manufacturer and global supplier of high purity tungsten powder. With over three decades of experience, its sole focus has been on producing powdered tungsten materials through a hydrogen reduction process. The company reports customers in over forty countries.
In addition to pure tungsten powder, BTI also produces tungsten carbide powder and tungsten carbide based thermal spray powders.
The acquisition of BTI is set to expand Sandvik’s presence in the North American market and strengthen its regional capabilities in the component manufacturing value chain. In 2022, the company generated approximately SEK 333 million in revenue.
BTI will be reported under the business area segment Sandvik Machining Solutions (SMS).
