Sandvik AB (OTC: SDVKY) has agreed to acquire 67% of Chuzhou Yongpu Carbide Tools Co., a China-based premium solid round tools company, with a call option to buy the remaining part in three years.

Sandvik Coromant will be showcasing a broad range of tools at IMTS 2010. To meet growing demand from the aerospace sector for reliable and efficient hole making technology in composite materials, ...