Sandvik acquires US heating element producer Custom Electric Manufacturing

News
August 14, 2018

August 14, 2018

Sandvik acquires US heating element producer Custom Electric Manufacturing

Custom Electric’s headquarters in Wixom, Michigan, USA (Courtesy Custom Electric Manufacturing Co.)

 

Sweden’s Sandvik AB has acquired the privately-owned Custom Electric Manufacturing Co., Wixom, Michigan, USA. The company is a leading manufacturer of original equipment and replacement heating elements for electric and gas furnaces on the North American market, and is said to offer more than seventy-five years of heating element design experience.

In 2017, the company reported revenues of $5.2 million. It employs around twenty staff and is said to operate a strong sales network in North America. Following its acquisition by Sandvik, the company will continue to market its products under its own brand.

Göran Björkman, President, Sandvik Materials Technology, commented, “Through this acquisition we add further strength to our leading position in industrial heating systems. I am pleased to welcome the Custom Electric Manufacturing team into Kanthal and Sandvik Materials Technology.”

The business will be reported as part of the Sandvik’s Product Area Kanthal within the business area Sandvik Materials Technology. Both parties have reportedly agreed not to disclose the purchase price.

www.home.sandvik

www.custom-electric.com

News
August 14, 2018

In the latest issue of PM Review…

Download PDF

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

  • Höganäs’ fourth reinvention: Creating sustainable metal powders for automotive electrification
  • Powder Metallurgy in China: Markets, applications and the impact of vehicle electrification
  • Taking control of your metal powder supply chain: Blue Power’s solutions for in-house atomisation
  • Shaping the future: Dorst Technologies on digitisation, data and the PM ‘smart factory’
  • JPMA Awards 2022: PM process innovations supporting the route to carbon neutrality

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

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