Market News
New product launches
- 3M Hookit Clean Sanding Painters Backup Pad (2021): A new sanding backup pad designed for use with 3M Clean Sanding discs. The product offers improved dust extraction and reduced disc loading, resulting in longer disc life and faster sanding.
- Festool Granat Net Abrasives (2021): A new line of abrasive discs and sheets designed for use with Festool sanding tools. The product offers high-performance sanding with improved dust extraction and a longer lifespan.
- Norton 3X Sanding Discs (2021): A new line of sanding discs designed for use with Norton sanding tools
Acquisition and partnerships
- Mirka: In 2020, Mirka is sanding block manufacturing company acquired Superabrasive Inc., a leading manufacturer of diamond tools and equipment for the construction and stone industries. The acquisition strengthened Mirka's position in the abrasives market and expanded its product portfolio.
- Saint-Gobain Abrasives: In 2020, Saint-Gobain Abrasives abrasive products company acquired SHDIATOOL, a Chinese manufacturer of diamond tools and equipment. The acquisition aimed to expand Saint-Gobain's product portfolio and strengthen its position in the Asian market.
- Sia Abrasives: In 2021, Sia Abrasives acquired Cuban Abrasives, a UK-based manufacturer of abrasive products. The acquisition aimed to expand Sia Abrasives' product portfolio and strengthen its position in the European market.