Weiler Corp. Acquires SwatyComet

Weiler Corporation (Cresco, PA), a leading provider of power brushes, abrasives and maintenance products for surface conditioning, announced the acquisition of SwatyComet, d.o.o. (Maribor, Slovenia), one of Europe’s leading manufacturers of bonded abrasives from Avtotehna. Terms of the transaction were not disclosed.

The acquisition substantially expands Weiler’s global reach into the bonded abrasives segment. It will enable them to offer a comprehensive solution to the welding, metalworking and general industrial markets.Through the transaction, the company adds a broad range of cut-off and grinding wheels and technical fabrics to serve industrial markets.

SwatyComet dates back to 1879 and has a long tradition of providing high quality abrasive products that are distinguished by safety, high durability and cost efficiency that provide customers with productivity and lower operating costs. Additionally, they have made recent significant investments in customer-driven innovations that will expand the share of their products for the most demanding grinding and cutting applications.

“With this acquisition, we are joining two great companies and brands, both of us with proud histories that are now coming together to offer increased value to our customers around the world. It has been a pleasure to get to know some of the members of the their team during the sale process and I am excited to have them join our team. The complementary nature of our products, geographies and company cultures makes this a great fit. Additionally, our customers will see immediate benefit as we expand our Tiger^TM brand into the bonded abrasive category,” said Chris Weiler, the chief executive officer for Weiler.

“We are excited about joining their team,” added Matjaž Merkan, the chief executive officer of SwatyComet. “This partnership will provide us with broader access to the large U.S. abrasive market and position us for continued growth. Our companies share common values and ambitions for market leadership. We are both driven to provide high quality, innovative solutions and excellent customer service.”

SwatyComet has revenues of ca. 87 million euros and employ a staff of around 900 workers. Weiler is an industry leader and global manufacturer of surface conditioning solutions for the welding and fabrication, industrial production, and maintenance, repair and operations markets. They are dedicated to forging collaborative relationships with their customers to tackle their toughest cleaning, grinding, cutting, deburring, and finishing challenges.

www.weilerabrasives.com, www.swatycomet.com