ATI Acquires Dynamic Flowform
02/10/2014 - Allegheny Technologies Inc. has acquired Dynamic Flowform Corp.
Located in Billerica, Mass., Dynamic Flowform uses a precision flowforming process to produce thin-walled components in net or near-net shapes across multiple alloy systems, including nickel-based alloys and superalloys, titanium and titanium alloys, zirconium alloys, and specialty and stainless alloys. Dynamic Flowform’s major markets are aerospace and defense, and oil and gas/chemical process industry.
“The acquisition of Dynamic Flowform is consistent with our strategy to create value by expanding our capabilities to produce specialty materials parts and components,” said Rich Harshman, ATI’s chairman, president and chief executive officer. “Dynamic Flowform is a technology leader in the manufacture of unique parts and components using the alloy systems that are core competencies of ATI. The innovative and entrepreneurial Fonte family established Dynamic Flowform and has successfully operated and grown the business for nearly 40 years. We are pleased and proud to welcome Matt and Nick Fonte to the ATI team.
“This acquisition is expected to be immediately accretive to ATI. We have identified significant growth opportunities for Dynamic Flowform’s products, especially in the Aerospace and Oil and Gas markets. These opportunities are expected to benefit from ATI’s existing global marketing and sales capabilities, and ATI’s supply chain experience and relationships with OEMs.”
Some examples of Dynamic Flowform’s major products include: airframe and jet engine components, and oil and gas drilling and completion tools from hollows.
“The acquisition of Dynamic Flowform is consistent with our strategy to create value by expanding our capabilities to produce specialty materials parts and components,” said Rich Harshman, ATI’s chairman, president and chief executive officer. “Dynamic Flowform is a technology leader in the manufacture of unique parts and components using the alloy systems that are core competencies of ATI. The innovative and entrepreneurial Fonte family established Dynamic Flowform and has successfully operated and grown the business for nearly 40 years. We are pleased and proud to welcome Matt and Nick Fonte to the ATI team.
“This acquisition is expected to be immediately accretive to ATI. We have identified significant growth opportunities for Dynamic Flowform’s products, especially in the Aerospace and Oil and Gas markets. These opportunities are expected to benefit from ATI’s existing global marketing and sales capabilities, and ATI’s supply chain experience and relationships with OEMs.”
Some examples of Dynamic Flowform’s major products include: airframe and jet engine components, and oil and gas drilling and completion tools from hollows.
