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Kennametal Take Full Control of Their Spanish Affiliate Kenci

Kennametal Inc. announced today that it has completed the previously announced acquisition of the remaining ownership interest in its Spanish affiliate, KENCI, S.A.

As Kennametal's sales and service affiliate in Spain and Portugal for over 20 years, KENCI has consistently delivered strong growth in sales and financial performance. The outstanding capabilities and reputation that KENCI has built up over the years have earned the company a leading market position that continues to expand. Acquiring full ownership of KENCI provides an additional opportunity for Kennametal to better serve customers in the growing Spanish and Portuguese markets.

Kennametal conducts acquisitions according to a disciplined process that is part of the company's management operating system known as the Kennametal Value Business System (KVBS).

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