VERONA, ITALY -- During Marmomacc 2003, Diamant Boart S.A. held a press conference to announce changes in the company, including its new ownership. The company, which is a manufacturer and distributor of diamond tools and equipment for the construction and stone industry, was purchased by Electrolux -- a leading Swedish firm, primarily associated with household appliances.
“We needed Diamant Boart to enter into the stone industry,†said Anders Ströby, president of Electrolux Construction Products. “We were mostly in construction.†Ströby explained that Electrolux first bought Dimas in 1997 to put its foot in the door of the diamond tools industry. In 2001, the opportunity surfaced to purchase Diamant Boart. Today, the Diamant Boart Group includes Diamant Boart, Dimas, Partner and Target.