Tyrolit acquires majority stake in Contec

Published
May 02, 2024 - 06:00am
Contek

In January 2024, the Tyrolit Group, an abrasives manufacturer and provider of system solutions for the construction industry, acquired most of the shares of Contec.

Contek is globally recognized for its cutting-edge machines for surface preparation and finishing, including floor milling machines, shot blasting systems, floor stripping machines, grinding machines, and extraction systems.

With this move, the Tyrolit Group said it has taken a significant step forward in expanding the market presence in the construction industry sector.

“This strategic investment is another important milestone for the Tyrolit Group and our commitment to innovation and growth, especially in the area of floor grinding and surface preparation," said Andreas Sauerwein, a member of the executive board at Tyrolit. He adds that “the partnership with Contec aligns perfectly with our goals to strengthen our position further and offer even more comprehensive solutions to our customers.”

Contec's previous owners will remain actively involved as managing directors and shareholders. This ensures a seamless integration while preserving Contec's identity and expertise.
 

Related Glossary Terms

  • gang cutting ( milling)

    gang cutting ( milling)

    Machining with several cutters mounted on a single arbor, generally for simultaneous cutting.

  • grinding

    grinding

    Machining operation in which material is removed from the workpiece by a powered abrasive wheel, stone, belt, paste, sheet, compound, slurry, etc. Takes various forms: surface grinding (creates flat and/or squared surfaces); cylindrical grinding (for external cylindrical and tapered shapes, fillets, undercuts, etc.); centerless grinding; chamfering; thread and form grinding; tool and cutter grinding; offhand grinding; lapping and polishing (grinding with extremely fine grits to create ultrasmooth surfaces); honing; and disc grinding.

  • milling

    milling

    Machining operation in which metal or other material is removed by applying power to a rotating cutter. In vertical milling, the cutting tool is mounted vertically on the spindle. In horizontal milling, the cutting tool is mounted horizontally, either directly on the spindle or on an arbor. Horizontal milling is further broken down into conventional milling, where the cutter rotates opposite the direction of feed, or “up” into the workpiece; and climb milling, where the cutter rotates in the direction of feed, or “down” into the workpiece. Milling operations include plane or surface milling, endmilling, facemilling, angle milling, form milling and profiling.

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