Summary
Allegheny Technologies Incorporated (ATI) announced on June 13, 2014, its acquisition of Hanard Machine, Inc. This strategic move expands ATI's capabilities in precision machining for high-performance materials critical to aerospace and defense sectors, among others. The acquisition of Hanard Machine, Inc., based in Salem, Oregon, allows ATI to enhance its vertically integrated supply chain. Hanard specializes in precision machining of components made from titanium alloys, nickel-based alloys, superalloys, aluminum, and specialty steels, which are key materials for ATI's existing business and growth strategies.
Key Highlights
- 1ATI acquired Hanard Machine, Inc. on June 13, 2014.
- 2Hanard Machine, Inc. is a precision machining business.
- 3The acquired company specializes in machining titanium alloys, nickel-based alloys, superalloys, aluminum, and specialty steel.
- 4This acquisition strengthens ATI's capabilities in high-performance materials.
- 5The move is expected to enhance ATI's vertically integrated supply chain.
- 6Hanard Machine is located in Salem, Oregon.
Frequently Asked Questions
The acquisition of Hanard Machine, Inc. is significant because it expands ATI's precision machining capabilities for critical high-performance materials like titanium and nickel-based alloys. This move enhances ATI's vertically integrated supply chain and supports its strategy in sectors such as aerospace and defense.
Hanard Machine, Inc. performs precision machining on parts and components made from titanium alloys, nickel-based alloys, superalloys, aluminum, specialty steel, and other ferrous and non-ferrous metals.
Hanard Machine, Inc. is located in Salem, Oregon. Its specialized machining capabilities are expected to complement ATI's existing operations and strengthen its overall supply chain for high-value components.