M&A Deal Summary

Carpenter Technology Acquires Oilfield Alloys Pte.

On June 27, 2011, Carpenter Technology acquired distribution company Oilfield Alloys Pte. for 4.8B USD

Acquisition Highlights
  • This is Carpenter Technology’s 1st transaction in the Distribution sector.
  • This is Carpenter Technology’s largest (disclosed) transaction.
  • This is Carpenter Technology’s 1st transaction in Singapore.

M&A Deal Summary

Date 2011-06-27
Target Oilfield Alloys Pte.
Sector Distribution
Buyer(s) Carpenter Technology
Deal Type Add-on Acquisition
Deal Value 4.8B USD

Target

Oilfield Alloys Pte.

Singapore, Singapore
website
Oilfield Alloys Pte. Ltd. is a manufacturer and distributes directional drilling equipment in the Asia-Pacific region.

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Buyer(S) 1

Buyer

Carpenter Technology

Philadelphia, Pennsylvania, United States

website


Category Company
Founded 1889
Sector Metals/Mining
Employees4,100
Revenue 1.8B USD (2022)
DESCRIPTION

Carpenter Technology develops, manufactures and distributes cast/wrought and powder metal stainless steels and specialty alloys. Carpenter Technology was incorporated in 1889 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 2 of 4
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 4
Country (Singapore) 1 of 1
Year (2011) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Amega West Services

Houston, Texas, United States

Amega West Services LLC is a manufacturer of high-precision components for measurement while drilling (MWD) and logging while drilling (LWD), drill collars, stabilizers and other down-hole tools used for directional drilling, which reduces the cost and environmental impact of oil & gas production.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 Latrobe Specialty Metals

Latrobe, Pennsylvania, United States

Latrobe Specialty Metals, Inc. is a producer and distributor of specialty steels and alloys. Latrobe Steel offers a comprehensive line of aerospace related specialty steels and alloys for technical niche applications, as well as high-speed, tool and die steels. Latrobe Specialty Metals was formed in 1913 and is based in Latrobe, Pennsylvania.

Buy -