ATI to sell tungsten business to Kennametal
Sep 16, 2013 | 05:10 PM
| Rey Mashayekhi
NEW YORK Allegheny Technologies Inc. (ATI) has agreed to sell its tungsten materials business to Kennametal Inc. for $605 million, the companies said Sept. 16. The deal is expected to close by year-end.
Pittsburgh-based ATI said the sale of ATI Tungsten Materials, part of its Engineered Materials segment, "strengthens (the companys) focus on ATIs core strategic businesses," namely its High Performance Metals and Flat-Rolled Products segments.....
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