Mirka and Cafro join forces
- July 3, 2017
- Posted by: Alan Feldberg
- Category: Industry News
Mirka Ltd has acquired 100% of the shares of Italian superabrasive wheels and tools manufacturer Cafro S.p.A.
Mirka is part of the Finnish family owned KWH Group and offers a complete range of sanding solutions for high quality surface finishing. The acquisition is an integral part of Mirka’s strategy to expand its business in the field of superabrasives and grinding solutions.
Stefan Sjöberg, Mirka chief executive officer, said, ‘As we welcome Cafro into the Mirka Group, we are really excited about the new opportunities we can create together. There is an excellent match between Cafro’s specialised knowledge and manufacturing capabilities and Mirka’s global market presence. I foresee a rapid expansion as we join our forces.’
The family owned Cafro S.p.A., based in Como, Italy, is a leading manufacturer of Diamond and CBN (Cubic Boron Nitride) wheels as well as PCD (Polycrystalline Diamond) and PCBN (Polycrystalline CBN) tools. For Cafro the acquisition represents an excellent opportunity to expand its business globally.
Mario Mancina, Cafro’s newly appointed managing director, said, ‘This is a great opportunity for Cafro. The next evolution step of our business, to build a truly global market, can now happen.’
The third generation of the Mancina family, owners of Cafro since 1955, will continue to lead the Cafro business within the Mirka Group.