Kelley Drye Represents Kennametal Inc. in Acquisition of the Widia Group
June 3, 2002
As reported in the New York Law Journal’s New Deals column, Kelley Drye’s India Practice Group represented Kennametal Inc., a Pennsylvania-based manufacturer of metal-cutting tools, in its acquisition of the overseas metal-cutting units of plastics and metalworking company Milacron Inc. for approximately $170 million.

Under the terms of the agreement, Kennametal will purchase a 77 percent stake in Germany-based Widia Group, a manufacturer of steel tools that has plants in western Europe and India.