Carpenter, Sandvik dissolve Swedish powder metal JVs
Nov 21, 2012 | 02:16 PM
| Thorsten Schier
NEW YORK Specialty metals and stainless producer Carpenter Technology Corp. and Sandvik Materials Technology, a subsidiary of Swedish industrial conglomerate Sandvik AB, will dissolve their Swedish powder metal joint ventures by the end of the year.
The two companies have agreed that the growth of their respective powder metal businesses would be better served in the form of a supply agreement, by which Carpenter will supply Sandvik, Carpenter said in a statement announcing the end of the joint....
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