ATA Group Receives €17.3m Investment

Details: Category: Tungsten's News; Published on Monday, 11 March 2013 10:24; Hits: 2326

MML has made a €17.3m investment into Irish based ATA Group to fund the acquisition of the US based SGS Tools’ Bur business.

Led by CEO Peter Cosgrove, the transaction is expected to create a global leader in tungsten carbide bur production and positions the business for further international growth.

MML will hold a 65 per cent stake in the combined business alongside management and FL Partners. 

ATA is a global producer of tungsten carbide rotary files, known as burs. Burs are a precision engineered consumable used to fabricate, polish and repair metalwork and are used across industries including aerospace, marine, oil & gas, automotive and power generation. 

Based in Cleveland, USA, SGS Tools Group produces tungsten carbide end milling tools and drills plus carbide burs.

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