Chicago , IL – On November 3rd, 2015 Madison Industries was pleased to announce that it has signed a definitive agreement with Kennametal Inc. (NYSE: KMT) to acquire seven businesses including Extrude Hone, Tricon, Landis, the Biel, Switzerland business of Kennametal Infrastructure and the Koblenz, Germany and Milan and Bellusco, Italy businesses of Kennametal Stellite. Closing has been completed December 1st, 2015.
Each of the businesses will join the Madison Industrial Solutions segment of Madison Industries which is led by David Coghlan, Madison Senior Managing Director and former CEO of Watts Water (NYSE: WTS).
Madison Industries is one of the largest and most successful privately held companies in the world. Madison delivers outstanding customer value through market leaders in filtration, medical equipment and industrial solutions. Founded in 1994, Madison builds businesses in order to own them forever; investing in the best people, technologies and strategies to grow truly unique market leaders.
See more at: Madison Industries Expands
For more information on the transaction: