Investment in Günther Wirth

The CERATIZIT Group will invest in a 50% share of the tool manufacturer Günther Wirth (GW). With this step CERATIZIT complements its product line with round tools made from hard metal, and whose production GW specializes in. CERATIZIT is a division of the Plansee Group.

Representative of the CERATIZIT Executive Board Jacques Lanners says “with this acquisition, we will be able to cover the whole value chain in hard metal production - from powder, to tool blanks to custom-made and coated round tools such as drills and end mills.” In the future, GW will be incorporated into the CERATIZIT Group as a global business unit, and will remain as a brand.

“The GW brand is superbly positioned in the case of end users and dealers - in Europe and in the USA and India. As a part of the CERATIZIT Group we want to develop this offering worldwide”, explains the company founder Günther Wirth. CERATIZIT and GW have worked closely together for many years and have already cooperated in the manufacture of blanks and finished tools.

The transaction is expected to be completed, subject to the finalization of the due diligence and the approval by the anti-trust authorities, by the end of 2012. CERATIZIT and the current shareholders around the company’s founder Wirth will each hold 50% of the GW company after the transaction is finalized. Both private companies have agreed not to disclose any financial details.

About the Wirth Group
The Wirth Group was founded in 1981, and besides the parent plant in Swabian Balzheim, it counts a production site in Lorraine (France) and since 1997 a site in India followed by sites in the USA and Italy. The family owned company employs around 500 people and is one of the leading manufacturers of rotating cutting tools such as drills, end mills, reamers and rods. Moreover, the company is manufacturing customized special tools and offers extended coating services. The product range englobes over 20.000 different articles.

About the Plansee Group
With the divisions PLANSEE High Performance Materials, Global Tungsten & Powders (GTP) and CERATIZIT and the investment in Molymet, the Plansee Group belongs to the worldwide leading powder metallurgical industrial groups that covers the whole supply chain of the high-tech materials Molybdenum and Tungsten – from ore processing to the production of customer-specific components.
In the 2011/12 fiscal year, the Plansee Group realized consolidated sales of 1.52 billion euros and employed a total of 6,120 people worldwide.
The fiscal year ends on the last day of February.