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Kennametal to Purchase Widia Group

May 7 2002

Kennametal Inc has signed an agreement to purchase the Widia Group from Milacron Inc. for 188 million Euros, with the deal to be finalised within 3 months.

The Widia Group is a leading manufacturer and marketer of metalworking tools, engineering products and services with operations in Europe and India. The acquisition compliments Kennmetal’s range of products in the same market and geographical areas.

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