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Sharpens focal point on strategic aerospace and protection markets, streamlines operations
DALLAS, Nov. 6, 2024 /PRNewswire/ — ATI Inc. (NYSE: ATI) introduced it finished the sale of its precision rolled strip operations in Pristine Bedford, Massachusetts and Remscheid, Germany to Ulbrich Stainless Steels and Particular Metals, Inc. (Ulbrich).
“With this divestiture, ATI sharpens its focus on providing our aerospace and defense customers with the titanium, nickel, and alloyed products that are rolled, melted and/or finished throughout Specialty Rolled Products facilities,” stated Kimberly A. Grounds, President and CEO. “Our ongoing evaluation to align our asset portfolio with our strategic focus on aerospace and defense uncovered this opportunity to further streamline operations.”
“We are thrilled to welcome the New Bedford, Massachusetts, and Remscheid, Germany precision rolled strip operations to the Ulbrich family,” stated Chris Ulbrich, CEO and Chairman of Ulbrich’s board. “Those operations focus on attribute merchandise in area of interest markets, just like the slim gauges and tiny coils that create up the precision rolled strip industry, preferably fitted to Ulbrich’s technique and devoted, international gross sales pressure. This acquisition is a transformative step in our progress as we proceed to innovate and make bigger our choices.
“We look forward to having employees at both operations join the Ulbrich Steel team as we seek to further enhance our array of high-quality product offerings,” stated Ulbrich.
ATI: Confirmed to Carry out.
ATI (NYSE: ATI) is an international manufacturer of top efficiency fabrics and answers for the worldwide aerospace and protection markets, and important programs in electronics, scientific and forte power. We’re fixing the sector’s maximum tricky demanding situations via fabrics science. We spouse with our shoppers in order ordinary fabrics that allow their largest achievements: their merchandise fly upper and quicker, burn warmer, dive deeper, rise more potent and extreme longer. Our proprietary procedure applied sciences, distinctive buyer partnerships and loyalty to innovation ship fabrics and answers for nowadays and the evermore difficult environments of the following day. We’re confirmed to accomplish anyplace. Be informed extra at ATImaterials.com.
SOURCE ATI
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