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Allegheny Technologies Buys Hanard Machine

Allegheny Technologies Inc. (ATI: Quote) said Friday that it has bought Hanard Machine, Inc., located in Salem, Oregon.

Terms of the deal were not disclosed.

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. Hanard's major markets are aerospace and defense, and oil and gas/chemical process industry.

The business will operate as ATI Cast Products, Salem Operations, and be a part of ATI's titanium investment casting business, which is located in Albany, Oregon, about 40 miles south of the Salem operations.

by RTT Staff Writer

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