Kennametal acquired Tungsten Materials Business of Allegheny Technologies (ATI) - TDY Industries, TDY Limited, ATI Holdings SAS for ~$605 million, a transaction announced in November 2013.
Kennametal purchased ATI's Tungsten Materials Business (including the Stellram and Firth Sterling brands) to vertically integrate raw tungsten carbide supply and strengthen its metalworking and wear-component offerings; funded through existing credit facilities and cash.
Kennametal purchased ATI's Tungsten Materials Business (including the Stellram and Firth Sterling brands) to vertically integrate raw tungsten carbide supply and strengthen its metalworking and wear-component offerings; funded through existing credit facilities and cash.
On November 4, 2013, Kennametal Inc. completed the acquisition of the Tungsten Materials Business of Allegheny Technologies Incorporated ... for a purchase price of approximately of approximately $605 million.
Advisory firms were not disclosed for this transaction.