Sep 202030
Carpenter Technology sells Amega West
Buyer: Undisclosed buyer
A business in Carpenter's PEP segment and the Energy end-use market
$20 millionClosed Sep 30, 2020
Company
Carpenter Technology Corporation
Carpenter makes and distributes premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels and tool steels, for aerospace, defense, medical, transportation, energy, industrial and consumer customers. ↗
| Headquarters | Philadelphia, PA ↗ |
|---|---|
| Leadership | Tony R. Thene, Chairman, President and CEO ↗ |
| Employees | 4,500 ↗ |
| Revenue | $3.1 billion (fiscal 2026) ↗ |
| Department of War obligations | $1 million in prime contracts since fiscal 2022 ↗ |
| Shares | CRS ↗ |
Products
- Carpenter makes titanium alloys. ↗
- Carpenter makes powder metals. ↗
- Carpenter makes stainless steels, alloy steels and tool steels. ↗
- Carpenter makes soft magnetic alloys and stacks for electric motors under its Electrification offering. ↗
- Carpenter Additive provides additive manufacturing services and metal powders. ↗
Customers
- Carpenter partnered with NASA's Jet Propulsion Laboratory on additive manufactured components for the Mars rover's PIXL instrument. ↗
Deals since 2020
Other acquisitions
- Carpenter acquired Talley Industries for $185 million in September 1997. ↗
Segments
- Specialty Alloys Operations is Carpenter's premium alloy and stainless steel manufacturing business, with mills mainly in Reading and Latrobe, Pennsylvania, plus South Carolina and Alabama. ↗
- Performance Engineered Products includes the Dynamet titanium business, Carpenter Additive and the Latrobe and Mexico distribution businesses. ↗