Carpenter Completes Sale of Metal Shapes Business
07/09/2008 - Carpenter Technology completes the sale of its Rathbone Precision Metals business to Treci Srl, controlling company of Calvi Holdings, Srl.
Carpenter Technology Corp. has completed the sale of its Rathbone Precision Metals business to Treci Srl, controlling company of Calvi Holdings, Srl.
Rathbone designs, manufactures and supplies precision-formed shaped components in a variety of alloys in the United States and a number of other countries. Products include shaped wire in coils, pinions, splines and metal profiles and steel profiles in mill length bar or as cut-to-length pieces in a variety of alloys. Based in Palmer, Mass., the company was founded in 1905.
The sale occurred on June 30, 2008 on a cash and debt-free basis for a price of $17.5 million.
Carpenter Technology produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products
