Indian producer of wide range industrial abrasives, SAK Abrasives Inc., acquired Buffalo Abrasives Inc., US-based manufacturer of resin bonded grinding wheels. Details of the agreement and financial terms of the deal were not disclosed. Buffalo Abrasives was advised by SORTIS’ partner in the Globalscope M&A Advisors network – Paramax Corporation, an investment banking firm focused on strategic sell-side advisory services.
Buffalo Abrasives, Inc. located in North Tonawanda, USA, offers a complete line of grinding wheels, including resin, rubber, shellac, and vitrified bonds, and an extensive range of grain types and grit sizes. The company is a fourth-generation family owned and run business that caters mainly to the North American market with distribution spread across the entire continental US. The company has customers in the automotive, oil and gas, aerospace, steel, and bearing industries. Commenting on the acquisition, Jeff Binkley, Buffalo co-founder and CEO said: “We are very excited to be partnering with such an innovative and talented company. Sak Abrasives offers additional capabilities, products, and expertise to Buffalo Abrasives. It is gratifying that we can continue to have a significant manufacturing presence in North Tonawanda where it all began.”
SAK Abrasives Inc., a division of Sak Industries Private Ltd., manufactures wide range of industrial bonded, coated and super abrasive products for the Indian and overseas markets. SAK Abrasives offers its products under the brand name of TOPLINE. The company produces and develops grinding wheels catered to customer requirements from the automotive, steel, fabrication, foundry, bearing, oil and gas industries. “There is considerable value in a “Made in USA” brand and our vision is to allow our customers across the globe the choice of products manufactured in different geographies with varying price/quality. We now have a “Made in India” and “Made in USA” option in our product offering.” said Kanika Krishna, COO of Sak Abrasives Inc.