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Japan's Tanaka acquires Swiss metal maker

Source:Ringier Metalworking Release Date:2016-07-27 47
Metalworking
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The acquisition will enable Tanaka to expand its recovery and refining business into North America, Europe and Asia.

Tanaka Kikinzoku Kogyo K.K., one of the core companies of the Tanaka Precious Metals group based in Japan, has signed a contract to purchase 100 percent of the outstanding shares of the Swiss-based Metalor Technologies International SA (Metalor), a company also active in the precious metals market. 

Tanaka Kikinzoku Kogyo K.K. develops and sells products containing precious metals which are essential components for a wide range of industries, including automobiles, communications devices, household appliances, energy and semiconductors. The company also recovers and refines precious metals from various types of industrial scrap.

Metalor is a corporation based in Switzerland with a global reach and a diversified portfolio of activities. It operates three main core businesses; recovery and refining, manufacturing electrical contacts, and manufacturing plating solutions and plating equipment. Its recovery and refining business focuses on recovering and refining high-purity precious metal bullion in the North American, European and Asian markets. Metalor has also earned an excellent reputation, particularly in Europe, for its sophisticated proprietary technologies relating to the production of electrical contacts containing silver alloys. Finally, Metalor manufactures and sells plating solutions containing precious metals and related plating equipment. The plating solution/equipment division has established itself as a leader in the European decorative field, a market in which Tanaka Kikinzoku Kogyo K.K. has yet to compete.

The acquisition of Metalor will enable Tanaka Kikinzoku Kogyo K.K. to expand its recovery and refining business into new geographic regions in North America, Europe and Asia in which Tanaka has not yet established a base, and furthermore, to accelerate sales of all of its products and services to Metalor's blue-chip customers. By optimally combining the operations of both companies in the fields of electrical contacts and surface treatment - businesses in which both companies boast significant expertise - Tanaka Kikinzoku Kogyo K.K. intends to better cater to the needs of its customers worldwide. By enlarging its global footprint, especially in North America and Europe, Tanaka Kikinzoku Kogyo K.K. aims to improve top-line growth and profitability.

Nike Roshe
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