September 13, 2022
CERATIZIT announces the acquisition of AgriCarb
CERATIZIT S.A., Mamer, Luxembourg (headquarters) and AgriCarb SAS, Meyzieu, France, 13 September 2022
CERATIZIT S.A., part of the Plansee Group, has acquired all shares of AgriCarb SAS. The privately owned company based in Meyzieu near Lyon has been the global leader in the field of tungsten carbide agricultural wear parts for over 35 years. Their products for soil and vineyard tillage stand out for their quality and achieve a service life 3 to 7 times longer than that of conventional steel products.
The acquisition of AgriCarb is an important part of CERATIZIT’s growth and sustainability strategy, as Dr Andreas Lackner, Speaker of CERATIZIT’s Executive Board, explains: ’We want to become the leader in sustainability for the hard metal and cutting tool industry by 2025. The acquisition of AgriCarb helps us to reach this goal.’
Making agriculture more sustainable
With increasing restrictions on the use of herbicides in agriculture, the mechanical removal of weeds is coming more and more into focus. ’AgriCarb offers a wide variety of carbide tools for these and other applications in agriculture. In combination with their focus on premium products, the company is a perfect fit to our overall strategy and corporate culture,’ adds Executive Board Member Frank Thomé.
The experience of the French company also offers CERATIZIT the opportunity to enter new markets. ‘With a high degree of added value and expertise in the field of hybrid tools made of steel and tungsten carbide, AgriCarb is an ideal technological complement to our Hard Material Solutions Division,’ Thomé explains.
The previous Managing Director and Co-owner, Lionel Curtat, who will accompany the integration into the Hard Material Solutions Division, emphasises:
’I am very pleased to have found a buyer in CERATIZIT, whose worldwide distribution network and unique know-how in the manufacturing of hard metals can help AgriCarb to achieve higher market penetration and further growth.’
Both sides have agreed not to disclose the financial details of the transaction.
About AgriCarb
AgriCarb is a French manufacturer of carbide-reinforced wear parts for soil and vineyard tillage based in Meyzieu. Founded in 1985 by Michel Curtat, the global market leader today employs around 60 people and offers a wide range of more than 1,600 products for all types of tillage. AgriCarb's range of services for its customers includes a modern logistics centre and more than 20 sales and service engineers working on site.
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CERATIZIT – with passion and a pioneering spirit for hard materials
For over 100 years, CERATIZIT has been a pioneer in developing exceptional hard material solutions for machining and wear protection. The private company, with registered offices in Mamer, Luxembourg, develops and produces highly specialised cutting tools, indexable inserts, rods made from hard materials and wear parts. The CERATIZIT Group is the global market leader in various application segments and successfully develops new carbide, cermet and ceramic grades, such as for wood and stone working.
With 7,000 employees at 30 production facilities and a sales network with over 50 branches, CERATIZIT is a global player in the carbide industry. The company's international network includes subsidiary Stadler Metalle and joint venture CB-CERATIZIT.
The technology leader is continually investing in research and development and holds 1,000 patents. Innovative hard material solutions from CERATIZIT are used in various sectors, including mechanical engineering and toolmaking, in the automotive and aerospace industries and in the oil, gas and medical industries.