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Sandvik Completes the Divestment of the Stainless Wire Business

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Sandvik Completes the Divestment of the Stainless Wire Business

PR Newswire

SANDVIKEN, Sweden, Aug. 31, 2018 /PRNewswire/ --

Sandvik has completed the previously announced divestment of the stainless wire business to the German family-owned Zapp Group.

As of 31 August 2018, the stainless wire business will be de-consolidated from Sandvik's financial statements. Revenues in the stainless wire business amounted to 310 million SEK in 2017.

Stockholm, 31 August 2018
Sandvik AB

For further information, contact Ann-Sofie Nordh, Vice President Investor Relations, phone: +46-8 456-14-94 or Martin Blomgren, Press and Media Relations Manager, phone: +46-70-577-0549.

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Sandvik completes the divestment of the stainless wire business

 

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SOURCE Sandvik

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