Finnish abrasives and power tools manufacturer Mirka has acquired Italian superabrasive wheels and tools manufacturer Cafro.
Mirka is part of the family-owned KWH Group, offering sanding solutions for high quality surface finishing. The acquisition is in line with Mirka’s strategy to expand its business in the field of superabrasives and grinding solutions - writes goodnewsfinland.
“As we welcome Cafro into the Mirka Group, we are really excited about the new opportunities we can create together,” says Mirka’s CEO Stefan Sjöberg. “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 is based in Como, Italy. For Cafro, the acquisition brings about a chance to expand its business globally.
“This is a great opportunity for Cafro,” says Cafro’s managing director Mario Mancina. “The next evolution step of our business, to build a truly global market, can now happen.”
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