Kennametal Inc.(KMT)- NYSE
  • Sep. 16, 2013, 5:59 PM
    • Analysts see a win-win outcome in Kennametal's (KMT +0.8%) $605M purchase of Allegheny Technologies' (ATI +8.1%) tungsten materials business.
    • By purchasing one of the biggest tungsten businesses in the world, KMT will be able to expand in the aerospace and energy sectors and reduce its raw material costs; tungsten, which is harder than steel and titanium, is very difficult to recycle but ATI has learned how to do it, KMT CEO Carlos Cardoso says.
    • "These are very specialized businesses, and there aren't huge numbers of competitors," Bradford Research says.
    • For ATI, the sale will allow it to focus more on high-performance metals and flat-rolled items; in the short term, the sale strengthens ATI's balance sheet, KeyBanc says.
    | Sep. 16, 2013, 5:59 PM
  • Sep. 16, 2013, 7:41 AM
    • Kennametal (KMT) agrees to acquire the tungsten materials business of Allegheny Technologies (ATI) for $605M.
    • KMT forecasts potential annual run-rate cost synergies of $30M-$40M through productivity improvements, operational efficiencies and raw-material cost benefits.
    | Sep. 16, 2013, 7:41 AM
  • Jan. 17, 2012, 8:57 AM

    Kennametal (KMT) agrees to acquire U.K.-based Deloro Stellite Group from Duke Street Capital for $354M. Deloro Stellite manufactures alloy-based materials for extreme environments involving high temperature, corrosion and abrasion. The transaction is expected to add to KMT's FY2013 earnings.

    | Jan. 17, 2012, 8:57 AM
Company Description
Kennametal, Inc. engages in the manufacture and supply of tooling, engineered components and advanced materials that are consumed in production processes. It operates through the Industrial and Infrastructure segments. The Industrial segment serves focus on customers in the transportation,... More
Industry: Machine Tools & Accessories
Country: United States