Carpenter Technology Acquires CalRAM
February 26 2018 - 8:00AM
Strengthens Capabilities as a Solutions
Provider
Carpenter Technology Corporation (NYSE:CRS) today announced it has
purchased MB CalRAM LLC (“CalRAM”), a leader in powder-bed fusion
additive manufacturing metal printing services.
“This strategic acquisition builds upon our existing additive
manufacturing capabilities and provides direct entry into the
rapidly expanding part production segment of the additive
manufacturing value chain,” said Tony Thene, Carpenter’s President
and CEO. “The addition of CalRAM brings industry leading technology
and processes coupled with a talented team and is a strong
complement to Carpenter’s deep technical experience in producing
highly engineered metal powders and wire for additive manufacturing
applications, including mission-critical applications such as
jet-engine fuel nozzles, rocket-thrust chambers, and orthopedic
implants.”
“CalRAM’s proven expertise and strong customer relationships
will accelerate and enhance our capabilities and will further
strengthen our ability to be the preferred provider of end-to-end
next generation additive manufacturing solutions.”
“As additive manufacturing continues to evolve into more
advanced components with increasing complexity, our customers are
seeking partners who can not only produce parts, but also possess
metallurgical expertise to help determine the best materials and
processes to fit their needs in demanding applications,” said Mr.
Thene. “Our unique combined capabilities will not only allow us to
deliver the best solution for the customer, but also allow us to be
a leader in the advancement of the evolution of the additive
manufacturing industry.”
About MB CalRAM LLC
Camarillo, California-based CalRAM is a leader in powder-bed
fusion additive manufacturing technologies used in the aerospace,
defense, power generation, and oil and gas industries. CalRAM’s
25,000 square foot manufacturing facility mobilizes the
capabilities to produce a full range of highly differentiated
parts.
Imperial Capital LLC served as exclusive financial advisor to MB
CalRAM LLC on the transaction.
About Carpenter Technology
Carpenter Technology Corporation is a leading producer and
distributor of premium specialty alloys, including titanium alloys,
nickel and cobalt based superalloys, stainless steels, alloy steels
and tool steels. Carpenter’s high-performance materials and
advanced process solutions are an integral part of critical
applications used within the aerospace, transportation, medical and
energy markets, among other markets. Building on its history
of innovation, Carpenter’s metal powder technology capabilities
support a range of next-generation products and manufacturing
techniques, including additive manufacturing and 3D Printing.
Information about Carpenter can be found at www.cartech.com.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are based on
management’s current expectations and are subject to risks,
uncertainties and other factors that could cause actual results to
differ from those projected, anticipated or implied. The most
significant of these uncertainties are described in Carpenter's
filings with the Securities and Exchange Commission, including
its annual report on Form 10-K for the year ended June 30,
2017, the quarterly reports on Form 10-Q for the quarters
ended September 30, 2017 and December 31, 2017,
and the exhibits attached to those filings. They
include, but are not limited to, statements regarding
CalRAM Inc., LLC. Carpenter undertakes no
obligation to update or revise any forward-looking statements.
Media Inquiries:William J. Rudolph, Jr.+1
610-208-3892wrudolph@cartech.com
Investor Inquiries:The Plunkett GroupBrad Edwards+1
212-739-6724brad@theplunkettgroup.com
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