CarTech to sell distribution businesses

Aug 28, 2012 | 03:58 PM | Thorsten Schier

Tags  Carpenter Technology, Latrobe Specialty Steel Distribution, Aceros Fortuna, Crucible Industries, distributors, distribution, tool steel, alloy steel Thorsten Schier

NEW YORK — Carpenter Technology Corp. is looking to sell Latrobe Specialty Steel Distribution (LSSD) and Mexican distributor Aceros Fortuna.

"LSSD and Aceros Fortuna are well-managed, strong, profitable businesses with good employees and solid growth prospects; however, distribution of tool and alloy steel products is not part of our core focus of manufacturing and selling specialty materials for the aerospace, energy and other high-growth markets," president and chief executive officer William Wulfsohn said....

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