The machinery and plant construction group Wintersteiger is extending its feelers further into North America: As the traditional company announced on Thursday, it secured 60 percent of the sawing tool company “Union Grove Saw & Knife” from North Carolina.
Founded in 1983, the company recently achieved sales of five million US dollars with 60 employees. The purchase price is not mentioned. The takeover will increase the number of Wintersteiger employees in North America to 160.
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Image: Wintersteiger
Source: Nachrichten