Leading abrasives and power tools manufacturer Mirka has announced the acquisition of 100% of the shares of the Italian superabrasive wheels and tools manufacturer Cafro S.p.A. The acquisition is an integral part of Mirka’s strategy to expand its business in the field of superabrasives and grinding solutions.

Stefan Sjöberg, Mirka chief executive officer, says, “As we welcome Cafro into the Mirka Group, we are really excited about the new opportunities we can create together. There is an excellent match between Cafro’s specialised knowledge and manufacturing capabilities and Mirka’s global market presence. I foresee a rapid expansion as we join our forces.”

The family owned Cafro S.p.A., based in Como, Italy, is a leading manufacturer of Diamond and CBN (Cubic Boron Nitride) wheels as well as PCD (Polycrystalline Diamond) and PCBN (Polycrystalline CBN) tools.

Mario Mancina, Cafro’s newly appointed managing director, says, “This is a great opportunity for Cafro. The next evolution step of our business, to build a truly global market, can now happen. We have over the years systematically developed our unique products and processes, thereby becoming one of the only manufacturers who can offer a complete range of superabrasive products for the precision mechanics industry. Now we can fast-track our growth together with Mirka.”

Stefan Sjöberg added, “The acquisition of Cafro is a corner stone in the portfolio we are now building in the area of precision grinding. Mirka’s and Cafro’s customers will see the benefit of a broad and complete offer of surface finishing and grinding solutions.”