M&A Deal Summary

Carpenter Technology Acquires Puris

On February 2, 2017, Carpenter Technology acquired metals/mining company Puris for 35M USD

Acquisition Highlights
  • This is Carpenter Technology’s 2nd transaction in the Metals/Mining sector.
  • This is Carpenter Technology’s 3rd largest (disclosed) transaction.
  • This is Carpenter Technology’s 3rd transaction in the United States.
  • This is Carpenter Technology’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2017-02-02
Target Puris
Sector Metals/Mining
Buyer(s) Carpenter Technology
Deal Type Add-on Acquisition
Deal Value 35M USD

Target

Puris

Bruceton Mills, West Virginia, United States
Puris LLC is an open source producers of titanium powder for additive manufacturing.

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Buyer(S) 1

Buyer

Carpenter Technology

Philadelphia, Pennsylvania, United States
Category Company
Founded 1889
Sector Metals/Mining
Employees4,500
Revenue 2.6B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 4 of 4
Sector (Metals/Mining) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (West Virginia) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS 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.

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