Kennametal completes sale of non-core businesses to Madison Industries

December 2, 2015

Kennametal Inc. has announced that it has completed the sale of several non-core businesses to Chicago based holding company Madison Industries. The deal was stated to include US based Extrude Hone, Tricon, Landis, along with the Swiss based business of Kennametal Infrastructure (located in Biel/Bienne) and the German and Italian based businesses of Kennametal Stellite (Koblenz, Germany and Milan and Bellusco, Italy). An earlier statement valued the transaction at approximately $70 million in cash.

Kennametal stated that the sale was in alignment with the company’s previously announced portfolio simplification strategy, which includes plans to reduce Kennametal’s manufacturing footprint by 20-25%.

Each of the businesses will join the Madison Industrial Solutions segment of Madison Industries, led by David Coghlan, Madison Senior Managing Director and former CEO of Watts Water. Madison Industries claims to be one of the largest and most successful privately held companies in the world, with market leading businesses in filtration, medical equipment and industrial solutions.   

Recent issue of Powder Metallurgy review - your go-to resource to stay updated on the world of powder metallurgy and metal powders

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link