UPDATE 1-Kyocera to buy Unimerco for $247 mln - Nikkei

Newswire

(Follows alerts) June 29 (Reuters) - Kyocera Corporation will buy Danish carbide tool maker Unimerco for about 20 billion yen ($247.2 million) to expand in Europe and target clients from the automobiles and aviation sectors in Japan and Asia, business daily Nikkei said. Kyocera's European supervisory firm will buy all Unimerco shares from its founders and others by July 11, the paper said. Unimerco manufactures customized carbide tools for automobile, aircraft and other components in ...

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