Seco Tools acquires Fanar

Polish company Fanar a manufacturer of solid round tools, will become part of the offering from Seco, enhancing their solid threading products.

Fanar will initially operate as an independent company and continue to sell its products under the Fanar brand as Seco expands into the Polish market.
“I am very pleased that we now can strengthen our competence and experience within threading products and solutions,” VP of Strategy & Product Management at Seco Oskar Edqvist says. “The fact that Fanar will become a part of the Seco Family will enhance our presence in the important Polish market and will create a platform to further grow business in the region," he continues.

Fanar offers high-performance taps and other threading products, solid carbide drills, and end mills.
"It feels great to extend the Seco Family with the coworkers of Fanar,” President Seco Stefan Steenstrup says. “I would like to take this opportunity to welcome them all to the Seco Family."