Ceratizit S.A. Acquires AgriCarb SAS
AgriCarb SAS’ tungsten carbide products for agricultural applications achieve a service life of three-to-seven-times longer than that of conventional steel.
Ceratizit S.A. has acquired all shares of AgriCarb SAS, a leader in the field of tungsten carbide agricultural wear parts for over 35 years. The company’s products for soil and vineyard tillage are said to achieve a service life three-to-seven-times longer than that of conventional steel products.
The acquisition of AgriCarb is an important part of Ceratizit’s growth and sustainability strategy, as Andreas Lackner, speaker of Ceratizit’s executive board, explains, “We want to become the leader in sustainability for the hard metal and cutting tool industry by 2025. The acquisition of AgriCarb helps us to reach this goal.”
With increasing restrictions on the use of herbicides in agriculture, the mechanical removal of weeds is coming more and more into focus. “AgriCarb offers a wide variety of carbide tools for these and other applications in agriculture. In combination with their focus on premium products, the company is a perfect fit to our overall strategy and corporate culture,” Executive Board Member Frank Thomé says.
Thomé adds, “With a high degree of added value and expertise in the field of hybrid tools made of steel and tungsten carbide, AgriCarb is an ideal technological complement to our Hard Material Solutions Division.”
The previous managing director and co-owner, Lionel Curtat, who will accompany the integration into the Hard Material Solutions Division, says, “I am very pleased to have found a buyer in Ceratizit, whose worldwide distribution network and unique know-how in the manufacturing of hard metals can help AgriCarb to achieve higher market penetration and further growth.”
Both sides have agreed not to disclose the financial details of the transaction.
