News and press releases

11/07/2007

CERATIZIT of Mamer, Luxembourg acquires Newcomer Products, Inc, a privately owned company headquartered in Latrobe, Pennsylvania. The agreement was signed on July 10th, 2007.

“The Newcomer acquisition meets our objective for sustainable global growth through expansion in the NAFTA countries and Asia,” comments CERATIZIT Spokesman Jacques Lanners. Newcomer is the third site of CERATIZIT in the United States.

Newcomer Products, Inc., a household name in the US carbide industry

Privately owned US company Newcomer Products is specialized in the manufacturing and finishing of tungsten carbide products for metal cutting and wear applications. From water-based spray dried powders to sinter-hip technology, Newcomer Products is on the leading edge of carbide enhancements and supplies major US metalworking industries.

The company was founded in 1945. Today Newcomer Products employs 130 people and realized sales of more than 20 million dollars in 2006. The company’s headquarters are in Latrobe, Pennsylvania.

Says Nate K. Parker Jr., Chairman of Newcomer Products: "We were looking for a partner with strong technological support and both a global view and strong roots in the US. Clearly, CERATIZIT is one of the rising stars in the business and they wanted to build up their presence in the US. CERATIZIT is a perfect fit and we are happy to be part of their team".