Allegheny Technologies Inc. (ATI) said it completed the purchase of the assets of Crucible Compaction Metals and Crucible Research for $40.95 million. ATI also announced that the business has been named ATI Powder Metals.
The company added that the economics of the transaction are attractive and it expects the acquisition to be accretive to earnings beginning in 2010.
Patrick Hassey, chairman, president and chief executive of Allegheny Technologies stated, "ATI Powder Metals combined with ATI's unsurpassed specialty metals technology and manufacturing capabilities provides a platform to develop new nickel-based superalloy and titanium alloy products and expand the application of these technically advanced specialty metal powders."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.