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PRESS RELEASE

08/10/2012

CERATIZIT invests in Günther Wirth

The CERATIZIT Group will invest in a 50% share of the tool manufacturer Günther Wirth (GW). With this step CERATIZIT complements its product line with round tools made from hard metal, and whose production GW specialises in.

CERATIZIT S.A., Mamer, Luxembourg (headquarters) and Günther Wirth Hartmetallwerkzeuge Betriebs-GmbH, Balzheim, Germany (headquarters), August 10th 2012.

Representative of the CERATIZIT Executive Board Jacques Lanners says "with this acquisition, we will be able to cover the whole value chain in hard metal production - from powder, to tool blanks to custom-made and coated round tools such as drills and end mills." In the future, GW will be incorporated into the CERATIZIT Group as a global business unit, and will remain as a brand.

"The GW brand is superbly positioned in the case of end users and dealers - in Europe and in the USA and India. As a part of the CERATIZIT Group we want to develop this offering worldwide", explains the company founder Günther Wirth. CERATIZIT and GW have worked closely together for many years and have already cooperated in the manufacture of blanks and finished tools.

The transaction is expected to be completed, subject to the finalization of the due diligence and the approval by the anti-trust authorities, by the end of 2012. CERATIZIT and the current shareholders around the company's founder Wirth will each hold 50% of the GW company after the transaction is finalised. Both private companies have agreed not to disclose any financial details.

CERATIZIT passion and pioneering spirit for carbides

For over 95 years, CERATIZIT has been a pioneer developing exceptional hard material products for cutting tools and wear protection. The privately owned company, based in Mamer, Luxembourg, develops and manufactures highly specialised carbide cutting tools, inserts and rods made of hard materials as well as wear parts. We are the market leader in several wear part application areas, and successfully develop new types of carbide, cermet and ceramic grades which are used for instance in the wood and stone working industry.

 

With over 9,000 employees at 34 production sites and a sales network of over 70 branch offices, the Group is a global player in the carbide industry. Our international network also includes the subsidiaries KOMET, WNT, Becker Diamantwerkzeuge, and Stadler Metalle, as well as the joint venture CB-CERATIZIT. As a leader in materials technology, we continuously invest in research and development and hold over 1,000 patents. Our innovative carbide solutions are used in mechanical engineering and tool construction and many other industries including the automotive, aerospace, oil and medical sectors.

 

We are active on the market through the seven competence brands Hard Material Solutions by CERATIZIT, Toolmaker Solutions by CERATIZIT, Tool Solutions by CERATIZIT as well as Cutting Solutions by CERATIZIT, KOMET, WNT and KLENK.

 

Günther Wirth – the expert for rotary cutting tools from hard metal

The Wirth Group was founded in 1981 and, besides the parent plant in Swabian Balzheim, it has a production site in Lorraine (France) and, since 1997, a site in India. The family-owned company employs more than 450 people and is one of the leading manufacturers of rotating cutting tools such as drills, end mills, reamers and rods. Moreover, the company manufactures customised special tools and offers extended coating services. The product range features over 20,000 different articles.

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  • The GW brand is superbly positioned in the case of end users and dealers - in Europe and in the USA and India. As a part of the CERATIZIT Group we want to develop this offering worldwide.

  • The CERATIZIT Group will invest in a 50% share of the tool manufacturer Günther Wirth (GW). With this step CERATIZIT complements its product line with round tools made from hard metal, and whose production GW specialises in.

Other contact persons

Gerhard Bailom
Managing Director
Günther Wirth
Carl-Otto-Weg 21
D-88481 Balzheim, Germany

Tel: +49 7347 9668-315
gerhard.bailom@gw-tools.de