NEW YORK Tool steel
distributor SB Specialty Metals LLC has entered a deal to buy
all of its gas-atomized powder metal tool and high-speed steels
from Carpenter Powder Products (CPP) for the foreseeable
"This agreement will extend the
strong strategic relationship between SB and CPP through 2030
and will provide accelerated growth opportunities for both
companies in this market area," SB Specialty Metals president
Peter Gordon said in a statement.
Dallas-based SB Specialty Metals is the largest tool steel
distributor in the United States, with 11 warehouse locations.
Bridgeville, Pa.-based CPP, a subsidiary of Carpenter
Technology Corp., has facilities in the northeastern United
States and in Sweden.