Seco acquires Polish company Fanar

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Source: Seco

Fanar will enhance the Seco product offering in solid threading.

The Polish company Fabryka Narzędzi FANAR S.A. (Fanar), a manufacturer of solid round tools, has been recently acquired by Seco, one of the largest providers of metal cutting solutions. Fanar will enhance the Seco product offering in solid threading.

Fanar will initially operate as an independent company and continue to sell its products under the Fanar brand. Fanar will strengthen the position of Seco, and growth ambitions, on the expansive Polish market. “I am very pleased that we now can strengthen our competence and experience within threading products and solutions,” said Oskar Edqvist, VP Strategy & Product Management. “The fact that Fanar will become a part of the Seco Family will enhance our presence in the important Polish market and will create a platform to further grow business in the region,” he continued.

The product offering from Fanar covers an extensive range of high-performance taps and other threading products as well as solid carbide drills and end mills.

“It feels great to extend the Seco Family with the co-workers of Fanar,” said Stefan Steenstrup, President, Seco. “I would like to take this opportunity to welcome them all to the Seco Family,” he added.