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ATI Moves to Divest Foundry and Forging Assets, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 77 Words

Allegheny Technologies Incorporated (NYSE:ATI) (ATI) said on Tuesday it will sell its Cast Products (Titanium Investment Castings) business to Consolidated Precision Products Corporation. The deal includes ATI's Albany foundry. This is the second divestiture announced by ATI in as many days. On Monday, ATI announced the sale of its Industrial Forgings operations in Indiana and Kentucky to Wynnchurch Capital LLC. The deals are expected to close in the third quarter and second quarter, respectively.

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