ATI announces sale of precision rolled strip operations to Ulbrich
ATI Inc. has completed the sale of its precision rolled strip operations in New Bedford, Massachusetts and Remscheid, Germany to Ulbrich Stainless Steels and Special Metals. The divestiture aligns with ATI's strategic focus on aerospace and defense markets, specifically in titanium, nickel, and alloyed products. The sold operations specialize in thin gauges and small coils for precision rolled strip business. Ulbrich views this acquisition as transformative for their global strategy and will integrate employees from both facilities into their team.
ATI Inc. ha completato la vendita delle sue operazioni di nastri laminati di precisione a New Bedford, Massachusetts e a Remscheid, Germania a Ulbrich Stainless Steels and Special Metals. Questa dismissione si allinea con il focus strategico di ATI sui mercati dell'aviazione e della difesa, in particolare nei prodotti in titanio, nichel e leghe. Le operazioni vendute si specializzano in spessori ridotti e piccole bobine per il settore dei nastri laminati di precisione. Ulbrich considera questa acquisizione come trasformativa per la loro strategia globale e integrerà i dipendenti di entrambi gli stabilimenti nel loro team.
ATI Inc. ha completado la venta de sus operaciones de cintas laminadas de precisión en New Bedford, Massachusetts y Remscheid, Alemania a Ulbrich Stainless Steels and Special Metals. Esta desinversión se alinea con el enfoque estratégico de ATI en los mercados de aeroespacial y defensa, específicamente en productos de titanio, níquel y aleaciones. Las operaciones vendidas se especializan en calibres delgados y bobinas pequeñas para el negocio de cintas laminadas de precisión. Ulbrich considera esta adquisición como transformadora para su estrategia global e integrará a los empleados de ambas instalaciones en su equipo.
ATI Inc.는 New Bedford, Massachusetts와 Remscheid, 독일에 있는 정밀 롤 스트립 운영을 Ulbrich Stainless Steels and Special Metals에 매각했습니다. 이번 매각은 ATI의 항공 우주 및 방위 시장에 대한 전략적 집중과 일치하며, 특히 티타늄, 니켈 및 합금 제품에 초점을 맞추고 있습니다. 매각된 사업은 정밀 롤 스트립 비즈니스를 위한 얇은 게이지와 작은 코일에 특화되어 있습니다. Ulbrich는 이번 인수를 글로벌 전략을 변화시키는 것으로 보고 있으며, 두 시설의 직원을 자신의 팀에 통합할 예정입니다.
ATI Inc. a finalisé la vente de ses opérations de bandes laminées de précision à New Bedford, Massachusetts et à Remscheid, Allemagne à Ulbrich Stainless Steels and Special Metals. Cette cession s'inscrit dans la stratégie d'ATI de se concentrer sur les marchés aérospatiaux et de défense, en particulier dans les produits en titane, en nickel et en alliages. Les opérations vendues se spécialisent dans les calibres fins et les petites bobines pour le secteur des bandes laminées de précision. Ulbrich considère cette acquisition comme transformative pour sa stratégie mondiale et intégrera les employés des deux installations dans son équipe.
ATI Inc. hat den Verkauf seiner präzisionsgewickelten Bandoperationen in New Bedford, Massachusetts und Remscheid, Deutschland an Ulbrich Stainless Steels and Special Metals abgeschlossen. Die Veräußerung steht im Einklang mit ATIs strategischem Fokus auf die Luft- und Raumfahrt- sowie Verteidigungsmärkte, insbesondere auf Titan-, Nickel- und Legierungsprodukte. Die verkauften Betriebe sind auf dünne Dicken und kleine Wicklungen im Bereich der präzisen Walzbandwirtschaft spezialisiert. Ulbrich sieht diese Übernahme als transformativ für ihre globale Strategie und wird Mitarbeiter beider Einrichtungen in ihr Team integrieren.
- Strategic alignment with core aerospace and defense markets
- Streamlining of operations through divestiture of non-core assets
- Reduction in operational diversity and market presence
- Loss of revenue streams from precision rolled strip operations
Insights
This strategic divestiture marks a significant pivot for ATI, streamlining its portfolio to focus on high-value aerospace and defense markets. The sale of precision rolled strip operations aligns with industry trends where companies are optimizing their asset portfolios for specialized market segments. While financial terms weren't disclosed, this move should improve operational efficiency and capital allocation.
The transaction demonstrates ATI's commitment to its core competencies in titanium, nickel and specialty alloys for aerospace applications. This sector typically commands higher margins and offers stronger growth potential compared to general industrial markets. The divestiture reduces operational complexity and allows management to concentrate resources on strategic growth areas.
The acquisition by Ulbrich creates a win-win situation in the specialty metals market. For Ulbrich, gaining facilities in New Bedford, Massachusetts and Remscheid, Germany expands their global footprint and strengthens their position in precision rolled products. The deal complements their existing capabilities in thin gauges and small coils, potentially leading to market share gains in niche segments.
The timing aligns with increasing demand for specialized metal products in various industries. This consolidation could improve market efficiency and create stronger competitive positions for both companies in their respective focus areas.
Sharpens focus on strategic aerospace and defense markets, streamlines operations
"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
"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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ati-announces-sale-of-precision-rolled-strip-operations-to-ulbrich-302296526.html
SOURCE ATI
FAQ
What operations did ATI (NYSE: ATI) sell to Ulbrich?
Why did ATI (NYSE: ATI) sell its precision rolled strip operations?
What products will ATI (NYSE: ATI) focus on after the sale?
