Allegheny Technologies to acquire Crucible Compaction Metals and Crucible

Tuesday, 22 Sep 2009

Allegheny Technologies Incorporated announced that it expects to purchase the assets of Crucible Compaction Metals and Crucible Research for USD 40.95 million as a result of an auction held on September 21st 2009, as part of a US Bankruptcy Court proceeding. The transaction is expected to close no later than October 31s 2009.

Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of USD 5.3 billion during 2008. ATI has approximately 8,700 full time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Its major markets are aerospace and defense, chemical process industry/oil and gas, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Its products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, and forgings and castings.