17
Aug
16:16
Allegheny Technologies sells Flowform for $55m
Specialty metals producer Allegheny Technologies Inc has finalised its sale of Flowform Products to Consolidated Boring Inc for $55 million, Kallanish reports.
Allegheny will use the funds to “...strengthen ATI’s balance sheet and add liquidity,” the company says. Flowform has previously been a part of the forged products business within the company’s high-performance materials and components segment.
"We concluded that wh…
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