ATI Acquires Aerospace & Defense Additive Manufacturer Addaero (US)

Allegheny Technologies Incorporated ATI, +0.34% today announced that it has acquired Addaero Manufacturing (Addaero), a leader in metal alloy-based additive manufacturing for the aerospace and defense industries, located in New Britain, CT. “This strategic acquisition brings together ATI’s deep knowledge and experience in commercial aerospace and our industry-leading powder metal manufacturing capabilities, including our new aerospace-qualified Bakers Powder Operations, and Addaero’s technical expertise to produce aerospace quality parts using variousContinue reading

More than two years after acquiring PCC Warren Buffett has no regrets (US)

More than two years after acquiring Precision Castparts Corp. at a cost of $37.2 billion, Berkshire Hathaway Inc.’s leadership has no regrets — about the acquisition, or the man in charge of the company. At the conglomerate’s annual meeting in Omaha this past weekend, a questioner suggested Portland-based Precision was losing “pre-eminence” as an aerospace industries supplier and performing weakly, and asked about its long-term outlook. “Longer term, and in the shorter term, it’s a very, very good business,” Berkshire Chairman WarrenContinue reading

Titane et Zircon : Eramet se renforce avec son partenaire australien MDL (US)

Le groupe minier et métallurgique français Eramet améliore ses positions dans les matières premières. Il a pris le contrôle de son partenaire australien MDL. Les sables riches en titane et en zircon sont exploités à Grande Côte au Sénégal, puis transformés en Norvège. 

Le conseil d’administration du groupe australien MDL a fini par recommander à ses actionnaires l’offre de rachat revalorisée. “L’opération, réalisée intégralement en numéraire au prix de 1,75 dollar australien par action, valorise les capitaux propres de MDL à environ 350 millions de dollars australiens, soit environ 220 millions d’euros”, a précisé Eramet. La banque australienne Macquarie, acteur majeur du secteur des matières premières a participé à l’opération.

“Nous sommes très heureux d’annoncer la prise de contrôle de MDL. Pour Eramet, il s’agit d’un mouvement logique, en ligne avec sa stratégie, qui permet de consolider Tizir au sein de son portefeuille au moment où le groupe renoue avec des projets de développement”, a réagi Christel Bories, PDG d’Eramet. “En prenant le contrôle le Tizir, nous nous donnons les moyens de poursuivre efficacement son développement au sein du secteur prometteur des sables minéralisés.”

Tizir, la coentreprise d’Eramet et de MDL, avait été créée en 2011 pour exploiter les sables minéralisés riches Continue reading

Cefival et Ruspolymet s’allient dans les anneaux réacteurs (Fr)

Cefival, filiale française de Siderval, et la société russe Ruspolymet allient leurs savoir-faire pour la vente de matière et d’anneaux de réacteur.

Le français Cefival et le russe Ruspolymet ont décidé de mettre en commun leurs savoir-faire respectifs pour coopérer dans la vente de matière et d’anneaux de réacteur. Un accord de partenariat exclusif. Inventeur du procédé de filage de l’acier, Cefival, filiale de Siderval, elle-même filiale du groupe Calvi, a développé un procédé de fabrication baptisé “near net shape”. Une technologie dont Ruspolymet vaContinue reading

Japan’s Sumitomo acquires Sweden’s Ovako (US)

Japan’s Nippon Steel & Sumitomo Metal Corporation said Monday that it completed the acquisition of Sweden’s Ovako Group on June 1, which will boost its special steel business and secure production and sales bases in Europe. “Demand of special steel is expected to grow further with firm demand from the automotive, industry machinery and wind power generation [sectors], so strengthening the special steel business [will] keep stable supply to customers,” a NSSMC spokeswoman said Tuesday. Ovako will continue to drive its business Continue reading

Mettis Aerospace Looking for Acquisitions (US)

A Worcestershire-headquartered manufacturer which was involved in the Spitfire programme and now supplies aerospace components to the likes of Airbus, Rolls-Royce and Boeing has reported a rise in both turnover and profits for its latest financial year. The company’s chief executive also exclusively told Insider that it is working on acquisitions in the UK, Europe and the US. Mettis Aerospace, which can trace its roots back to the 1930s, has posted a turnover of £75m for the year to 31 December 2017, up from £67.9m in 2016. The company, which moved to Redditch in 1938, also posted pre-tax profits of £10.3m, up from £5.5m. Mettis’ chief executive Gordon Fraser also told Insider that between 20 to 25 new jobs could be created in the next 12 months. Mettis Aerospace started life as High Duty Alloys andContinue reading

Perryman Co. buys former Caterpillar site to expand titanium production (US)

Titanium is used in additive /3D Industry has been identified as an area for immediate growth.  Viewed by many  as transformative technology, Perryman has been supporting titanium additive /3D users for over 10 years. “Our strength  as a fully integrated titanium producer uniquely positions us to support the growth of this emerging industry. Our aim is to ensure there is a reliable, high quality source of supply” stated Perryman. The new campus will provide a solid foundation for Perryman to proactively expand titanium operations.  

Perryman Co., a titanium producer headquartered in Houston, Pa., has purchased 35 acres adjacent to the company’s facilities there. The new addition will allow the company to invest in additional manufacturing capacity Continue reading

Jiangsu Shagang to acquire 45 % stake in Dongbei Special Steel (US)

DALIAN, China — Private-sector steelmaker Jiangsu Shagang will take Dongbei Special Steel Group under its wing, nearly a year after the state-backed company filed for bankruptcy. An investment firm affiliated with Jiangsu Shagang will acquire a 43% stake in Dongbei Special Steel for 4.46 billion yuan ($680 million). A degree of government influence over Dongbei Special Steel will remain, since Benxi Steel Group, another state-owned steelmaker, will also take an interest worth 1.03 billion yuan. Dongbei Special Steel was established as as a Continue reading