Fanar will initially function as an independent firm, selling its products under the Fanar brand. Fanar will improve Seco’s position and expansion objectives in the vast Polish market.
![](https://themachinemaker.com/upload/imagedata/Stefan-Stanstrup.jpg)
One of the global leaders in metal cutting solutions, Sweden based SECO Tools announced acquiring Polish based Fabryka Narzdzi FANAR S.A. (Fanar) effective 2nd November 2021. Seco Tools with more than 8 decades of experience is known for indexable milling, solid milling, turning, holemaking, threading and tooling systems.
Fanar’s product line includes a wide variety of high-performance taps and other threading tools, as well as solid carbide drills and end mills. They are serving industries like automobile, aerospace, home appliances, medical. etc.
Oskar Edqvist, Vice President of Strategy & Product Management, Seco Tools commented on the development, “I am extremely glad that we can now strengthen our skill and experience within threading goods and solutions. Becoming a member of the Seco Family will strengthen our presence in the key Polish market and provide a platform for us to expand our business in the region.”
“Stefan Steenstrup, President of Seco, added, “It feels amazing to extend the Seco Family to the Fanar comrades. I’d want to use this opportunity to welcome them all to the Seco Family.”