Sak Abrasives announces acquisition of US firm Buffalo Abrasives Inc.
- Country:
- India
Sak Abrasives Inc., a wholly owned subsidiary of Sak Industries Private Ltd., announced its acquisition of Buffalo Abrasives Inc. located in Buffalo, New York, USA. Buffalo Abrasives is a leading U.S.-based manufacturer of resin bonded grinding wheels. The company has been a fourth-generation family-owned and family run business with a state-of-the-art manufacturing plant in Buffalo, New York.
The company caters mainly to the North American market with distribution spread across the entire continental U.S. The company boasts of many loyal customers in the automotive, oil and gas, aerospace, steel and bearing industries. Commenting on the acquisition, Jeff Binkley, Co-founder and CEO - Buffalo Abrasives Inc said, "We are very excited to be partnering with such an innovative and talented company. Sak Abrasives offers additional capabilities, products and expertise to Buffalo Abrasives.
It is gratifying that we can continue to have a significant manufacturing presence in North Tonawanda where it all began." Sak Abrasives is a division of Sak Industries Private Ltd. and manufactures a full range of industrial abrasives catering to the Indian and overseas markets. During the past 20 years, it has built an enviable base of loyal customers in the automotive, steel, fabrication, foundry, bearing, oil and gas industries. It has two manufacturing plants near Chennai and a Pan-India distribution with sales office in Noida, Kolkata, Pune, Ahmedabad and Chennai.
Commenting on the acquisition, Kanika Krishna, COO - Sak Abrasives Inc said, "There is considerable value in a 'Made in USA' brand and our vision is to allow our customers across the globe the choice of products manufactured in different geographies with varying price/quality. We now have a 'Made in India' and 'Made in USA' option in our product offering."
(With inputs from agencies.)
- READ MORE ON:
- Small business
- Business letter
- Business process
- Adyar- Chennai
- Chennai Express
- Vada Chennai
- Buffalo Soldier
- Buffalo Sabres
- Water buffalo
- New York
- New York Giants
- New York & Company
- Ticker symbol
- News agency
- Public Relations
- Aerospace manufacturer
- Automotive industry
- Tata Motors
- Chemical industry
- Jackson family
ALSO READ
Union Asset Management Company appoints Madhu Nair as CEO
Punjab Chief Minister Sh Bhagwant Mann unveils Rs. 1300 crore Sonalika's expansion plan at world's largest integrated tractor manufacturing plant, Hoshiarpur, Punjab
French shipping company CMA CGM commits to buy BFM-owner Altice Media
'New Delhi, Mar 16 ( PTI) After Amazon, ITC became second company to'
Kuwaiti oil company Q8 to buy 50% stake in Italian biodiesel producer EcoFox