Elkem buys TM Technology Ltd
Elkem ASA has acquired the UK company TM Technology Ltd and its production of the foundry alloy, Tenbloc®.
Tenbloc® is used for in the mould inoculation of ductile and grey iron. This acquisition will strengthen Elkem’s position in this market and the ability to provide customers a wider range of specialised products.
“Our customers need different solutions for their metal treatment processes. At Elkem we want to support our customers' success with reliable premium products and by sharing our experience in process improvement. With Tenbloc® in our portfolio Elkem is able to extend the offering and meet customer demands even better.” says Roland Hennigfeld, Global Sales and Marketing Director in Elkem.
The TM Technology Ltd plant is located in Dronfield UK, and will be rebranded as Elkem Dronfield Ltd.
The acquisition was completed on March 16, 2018