Staying Out of the Phisher-man's Net. Are you protected?

2007-03-22 News Release

Web www.jobwerx.com jobwerx.tradepub.com

Search Jobwerx The Engineering Web

Kennametal to acquire advanced metals coatings biz

Kennametal, a leading global supplier of tooling, engineered components and advanced materials, to acquire advanced metals coatings biz.

A definitive agreement has been signed by Kennametal Inc. to aquire Purity Metal Holdings, Inc. and its wholly-owned subsidiary, International Specialty Alloys, Inc. (ISA). Closing is planned for April 2007 and remains subject to customary regulatory approvals and negotiated conditions of closing. ISA manufactures high-purity specialty metal products for the aerospace, defense and super alloy industries, as well as a number of other industries that use advanced metal coatings. ISA will become a part of Kennametal's Advanced Materials Solutions Group (AMSG), and the acquisition is expected to be accretive to earnings within the twelve months following closing.

Find Information and Suppliers of metal coatings.

AMSG to eventually represent 50 percent of its business. ISA's work in chromium refining and in producing titanium master alloys and specialty metals makes the firm an excellent addition to the AMSG product portfolio. Kennametal conducts acquisitions according to a disciplined process that is part of the company's management operating system known as the Kennametal Value Business System (KVBS).

"ISA will add its own state-of-the-art, proprietary manufacturing equipment, processes, technologies and skills to Kennametal, enabling us to offer added value to our customers," commented Jim McRickard, Vice President and General Manager of Kennametal's Engineered Products Group. "ISA offers us expansion into new markets-and in turn, we can leverage Kennametal's global strength to expand ISA's capabilities into new geographies. This is a real win-win situation for both companies. We are especially pleased that ISA's successful top management team will remain in their leadership roles in the business to help take it to the next level of performance and beyond."

Find information about Kennametal Inc.

Read a recent press release about - This new transparent product for sealing metal surfaces differs from conventional electrodeposition coatings and has very high scratch resistant qualities.

Engineering Jobs - Post Employment Opportunity!

E-mail this page to a friend

- Chemicals unit to feature corrosion inhibitors and biocides at Expo

- Certification, Training and Courses from The American Management Association

- Small Quantity Specailist - Plastics, Metals, Tool Steel and ...

- Looking for a Study Program?

- All this Months News

- Changing Jobs? View a Wide Range of Real Estate Nationwide

- Golf Equipment Manufacturer -Buy Direct and Save!

Copyright - Unless otherwise stated all contents of this web site are © 1998/2007 JOBWERX.COM. – All Rights Reserved. For permission to reproduce any contents of this web site, please advise our Syndication department: Log onto HELP