ATI Moves to Divest Foundry and Forging Assets, an Industrial Info Market Brief
ATI Moves to Divest Foundry and Forging Assets, an Industrial Info Market Brief
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.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- France Plans $55 Billion in Windfarms as Offshore Projects Gain Momentum
- Africa's Fertilizer Demand Sparks $5.8 Billion of Projects
- Poland's PGE Plans $7 Billion Renewable Energy Push
- Peru's Runoff Presidential Election Could Impact $45 Billion in Mining Proj...
- Industrial Construction Activity Up 37% So Far in 2021