ATI to divest iron castings business
Oct 14, 2013 | 04:51 PM
| Rey Mashayekhi
NEW YORK Allegheny Technologies Inc. (ATI) is closing its fabricated components business and plans to divest its iron castings operations, the company said Oct. 14.
Pittsburgh-based ATI said the decision came after a "strategic review" of the two businesses, which it categorized as "small operations" with combined revenue of about $10 million through the first six months of 2013. Those earnings were offset by combined pre-tax losses of roughly $9 million in the same period.....
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