About the Transaction
Buffalo Abrasives is a premier international provider of abrasive grinding wheels. As a 4th generation, family owned business, the family’s roots in the abrasives industry started in 1923, with connections to National Grinding Wheel Company. Through a series of mergers and acquisitions, the 3rd and 4th generations purchased the now “Buffalo Abrasives, Inc.” in 1988. Since then, the Company has expanded into a full line supplier of resinoid, shellac, vitrified, and rubber-bonded abrasive products, supporting a wide array of markets.
The buyer, SAK Abrasives is an international world-class producer of bonded, coasted, and super abrasive products, headquartered in Chennai, India. Founded in 1997, SAK Abrasives has gained world-wide recognition as a high quality and cost-effective abrasives company. The parent company, SAK Industries Pvt. Ltd. was founded in 1963 in New Delhi, India, and operates in the financial services, retailing, and IT businesses. The acquisition of Buffalo Abrasives allows SAK Abrasives to further expand its client list, service offerings, and skilled employee base, as they continue their aggressive growth efforts.
Paramax Corporation, which led the deal negotiations for Buffalo Abrasives, is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions. Paramax is headquartered in Williamsville, NY with an International reach through its partnership in Globalscope Partners, a group of international corporate finance and business advisors operating globally to support M&A transactions.