Sharpens focus on strategic aerospace and
defense markets, streamlines operations
DALLAS, Nov. 6, 2024
/PRNewswire/ -- ATI Inc. (NYSE: ATI) announced it completed the
sale of its precision rolled strip operations in New Bedford, Massachusetts and Remscheid,
Germany to Ulbrich Stainless
Steels and Special 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," said Kimberly A. Fields, 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," said Chris
Ulbrich, CEO and Chairman of Ulbrich's board. "These
operations specialize in quality products in niche markets, like
the thin gauges and small coils that make up the precision rolled
strip business, ideally suited for Ulbrich's strategy and
dedicated, global sales force. This acquisition is a transformative
step in our journey as we continue to innovate and expand our
offerings.
"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," said Ulbrich.
ATI: Proven to Perform.
ATI (NYSE: ATI) is a
global producer of high performance materials and solutions for the
global aerospace and defense markets, and critical applications in
electronics, medical and specialty energy. We're solving the
world's most difficult challenges through materials science. We
partner with our customers to deliver extraordinary materials that
enable their greatest achievements: their products fly higher and
faster, burn hotter, dive deeper, stand stronger and last longer.
Our proprietary process technologies, unique customer partnerships
and commitment to innovation deliver materials and solutions for
today and the evermore challenging environments of tomorrow. We are
proven to perform anywhere. Learn more
at ATImaterials.com.
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SOURCE ATI