Divestiture • Machinery

Kennametal Acquires Allegheny Technologies - Tungsten Materials

On November 4, 2013, Kennametal acquired machinery company Allegheny Technologies - Tungsten Materials from ATI for 605M USD

Acquisition Context
  • This is Kennametal’s 5th transaction in the Machinery sector.
  • This is Kennametal’s 2nd largest (disclosed) transaction.
  • This is Kennametal’s 8th transaction in the United States.

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M&A Deal Summary

Date November 4, 2013
Target Allegheny Technologies - Tungsten Materials
Sector Machinery
Buyer(s) Kennametal
Sellers(s) ATI
Deal Type Divestiture
Deal Value 605M USD

Target Company

Allegheny Technologies - Tungsten Materials

United States
ATI's Tungsten based infiltrated metals, with either copper or silver as Image 4.jpginfiltrants, have been widely used in industry for many years. The major uses include missile vector control vanes, nozzle and throat materials, missile plume deflector shields, electrical contacts, resistance welding contacts, and porous emitters.
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Buyer Overview 1

Buyer

Kennametal

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1938
Sector Machinery
Employees8,700
Revenue 2.0B USD (2024)
DESCRIPTION
Kennametal trade show display booth at the 2014 IMTS show in Chicago.
Kennametal trade show display booth at the 2014 IMTS show in Chicago.

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.


Deal Context for Buyer #
Overall 14 of 14
Sector: Machinery 5 of 5
Type: Divestiture 2 of 2
Country: United States 8 of 8
Year: 2013 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Comercializadora Emura S.R.L.

El Alto, Bolivia

Comercializadora Emura S.R.L. is an engaged in collection, testing, processing and exporting tungsten ore material.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Tricon

Irondale, Alabama, United States

Tricon is a provider of abrasion-resistant steel products and expertise to the power, mining, quarrying, construction, timber, paper, and allied industries. Tricon was formed in 1968 and is based in Irondale, Alabama.

Sell -

Seller Profile 1

SELLER

ATI

Dallas, Texas, United States

Category Company
Founded 1996
Sector Metals/Mining
Employees7,700
Revenue 4.4B USD (2024)
DESCRIPTION

ATI is a diversified specialty materials and components producer. The Company's markets include aerospace and defense, oil and gas/chemical process, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. ATI's products include titanium and titanium alloys, nickel-based alloys and superalloys, engineered forgings and castings, zirconium, hafnium, niobium alloys, grain-oriented electrical steel, and stainless and specialty steels. ATI was incorporated in 1996 and is based in Dallas, Texas.


Deal Context for Seller #
Overall 3 of 7
Sector: Machinery 1 of 1
Type: Divestiture 2 of 6
Country: United States 3 of 6
Year: 2013 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-17 Ladish Co.

Cudahy, Wisconsin, United States

Ladish Co., Inc. is a manufacturer of highly engineered, technically advanced metal components for the jet engine, aerospace and general industrial markets.

Buy $778M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-13 Hanard Machine

Salem, Oregon, United States

Hanard performs precision machining on parts and components made from titanium alloys, nickel-based alloys and superalloys, aluminum, specialty steel, and other ferrous and non-ferrous metals.

Buy -

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