Allegheny Technologies to Acquire Crucible Compaction Metals and Crucible Research Assets
PITTSBURGH-(Business Wire)-September 21, 2009 - Allegheny Technologies Incorporated (NYSE: ATI) announced that it expects to purchase the assets of Crucible Compaction Metals and Crucible Research for $40.95 million as a result of an auction held on September 21, 2009, as part of a U.S. Bankruptcy Court proceeding. The transaction is expected to close no later than October 31, 2009.
Building the World’s Best Specialty Metals Company™
Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of $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. Our 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. Our 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. The Allegheny Technologies website is www.alleghenytechnologies.com.
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