CERATIZIT acquires majority stake of Cobra

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cobraThe carbide specialist CERATIZIT has acquired 67 percent of the Indian manufacturer of solid carbide tools, Cobra Carbide India Pvt Ltd.

For Jacques Lanners, Co-chairman of the CERATIZIT GROUP Executive Board, “Cobra Carbide India Pvt Ltd gives CERATIZIT an exceptional opportunity to increase the Group’s footprint in the solid carbide tools market in India. Indeed, CERATIZIT India Round Tool Solutions with Cobra will be in the top 5 Indian solid carbide tools players. “