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Stock impact report

ATI Announces Sale of Industrial Forging Operations

Allegheny Technologies Incorporated (ATI) 
Last allegheny technologies incorporated earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.atimetals.com
Company Research Source: Business Wire
Intensifies Focus on Key Aerospace & Defense Markets PITTSBURGH--(BUSINESS WIRE)-- Allegheny Technologies Incorporated (NYSE: ATI) today announced that it has agreed to sell two non-core forging facilities to Wynnchurch Capital, LLC for $37 million in cash. Wynnchurch Capital, LLC, based in Chicago, IL, is a leading middle-market private equity investment firm that invests in middle market companies in the United States and Canada which possess the potential for substantial growth and operational improvement. The transaction will close during the second quarter 2019. These facilities, located in Portland, IN and Lebanon, KY, are part of ATI’s High Performance Materials & Components (HPMC) segment. They use primarily traditional forging methods to produce carbon steel forged products for use in the oil & gas, transportation and construction & mining industries. “This transaction is consist Show less Read more
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