Recently, the world’s largest specialty metals producer Allegheny Technologies Inc. (ATI) bought the assets of Crucible Compaction Metals and Crucible Research for $40.95 million following a bankruptcy court auction. The transaction is expected to close by Oct. 31. The company did not provide further details.

The acquired units belonged to Syracuse, New York-based Crucible Materials Corp. The company, which runs a research center and a plant in Pittsburgh, had filed for Chapter 11 bankruptcy protection in Delaware in May, after being severely hurt by a weak automotive industry.

Earlier this month, Allegheny had also agreed to supply nickel-based superalloy disc-quality products for commercial jet engine applications to Rolls-Royce Plc as part of a 10-year contract. The agreement covers products sold by Allegheny’s subsidiary ATI Allvac to first tier suppliers (forgers) of Rolls-Royce. Allegheny expects revenue of $750 million to $1 billion from the contract.

Allegheny offers specialty metals

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