Sharpens concentrate on strategic aerospace and protection markets, streamlines operations
DALLAS, Nov. 6, 2024 /PRNewswire/ — ATI Inc. (NYSE: ATI) introduced it accomplished the sale of its precision rolled strip operations in New Bedford, Massachusetts and Remscheid, Germany to Ulbrich Stainless Steels and Particular Metals, Inc. (Ulbrich).
“With this divestiture, ATI sharpens its concentrate on offering our aerospace and protection prospects with the titanium, nickel, and alloyed merchandise which might be rolled, melted and/or completed all through Specialty Rolled Merchandise services,” mentioned Kimberly A. Fields, President and CEO. “Our ongoing analysis to align our asset portfolio with our strategic concentrate on aerospace and protection uncovered this chance to additional streamline operations.”
“We’re thrilled to welcome the New Bedford, Massachusetts, and Remscheid, Germany precision rolled strip operations to the Ulbrich household,” mentioned Chris Ulbrich, CEO and Chairman of Ulbrich’s board. “These operations specialise in high quality merchandise in area of interest markets, like the skinny gauges and small coils that make up the precision rolled strip enterprise, ideally suited to Ulbrich’s technique and devoted, world gross sales pressure. This acquisition is a transformative step in our journey as we proceed to innovate and increase our choices.
“We look ahead to having staff at each operations be part of the Ulbrich Metal workforce as we search to additional improve our array of high-quality product choices,” mentioned Ulbrich.
ATI: Confirmed to Carry out.
ATI (NYSE: ATI) is a worldwide producer of excessive efficiency supplies and options for the worldwide aerospace and protection markets, and demanding functions in electronics, medical and specialty power. We’re fixing the world’s most tough challenges by means of supplies science. We accomplice with our prospects to ship extraordinary supplies that allow their biggest achievements: their merchandise fly increased and quicker, burn hotter, dive deeper, stand stronger and last more. Our proprietary course of applied sciences, distinctive buyer partnerships and dedication to innovation ship supplies and options for at this time and the evermore difficult environments of tomorrow. We’re confirmed to carry out wherever. Study extra at ATImaterials.com.
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