Kennametal Inc. announced that it has signed a definitive agreement to acquire the assets of Tricon Metals & Services. Tricon will become part of Kennametal’s Advanced Materials Solutions Group. With corporate headquarters in Birmingham, Ala., Tricon is a provider of custom wear solutions specializing in consumable proprietary steels for the surface and underground mining markets. Solutions include cladded products, wear pins, shafting and custom-fabricated replacement components.
Kennametal, based in Latrobe, Pa., is a global supplier of tooling, engineered components and advanced materials consumed in production processes. According to Kennametal, Tricon’s application expertise and quick response to customer needs provide exceptional value in demanding environments. Closing of the acquisition is planned for October 2008.