About This Deal

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.

Deal Terms

Acquirer
Kennametal
Target
Tungsten Materials Business of Allegheny Technologies (ATI) - TDY Industries, TDY Limited, ATI Holdings SAS
Value
~$605 million
Date
November 2013
Type
Full acquisition
Status
Completed

Transaction Details

Announced
November 4, 2013

In Their Words

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.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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