Allegheny Technologies adds specialty parts producer
Allegheny Technologies Inc. said on Monday it acquired Dynamic Flowform Corp. of Billerica, Mass., for an undisclosed price.
Dynamic Flowform has precision technology that allows unique metal parts to be produced with less waste, such as airplane and jet engine components and oil and gas drilling tools, ATI said. The parts are made from nickel-based alloys, titanium and titanium alloys, zirconium alloys, and specialty and stainless alloys.
Two executives from the founding family of Dynamic Flowform, Matt and Nick Fonte, will join Allegheny Technologies, said CEO Rich Harshman.
The company said the acquisition is expected to immediately benefit ATI's financial results. “We have identified significant growth opportunities for Dynamic Flowform's products, especially in the aerospace and oil and gas markets,” Harshman said.
John D. Oravecz is a staff writer for Trib Total Media. He can be reached at 412-320-7882 or firstname.lastname@example.org.