$883-Million Allegheny Tech-Ladish Merger Now Complete

Allegheny Technologies Inc. has completed its acquisition of Ladish Co. Inc., an $883-million cash and common stock purchase announced last November. Now, Milwaukee-based Ladish is an operating unit of ATI’s High Performance Metals division, which includes superalloy and titanium metal producer ATI Allvac and refractory/reactive metals producer ATI Wah Chang. ATI Ladish is primarily a forging organization, though it includes an investment casting operation now called ATI Pacific Cast Technologies. The Portland, OR, foundry supplies commercial, military and aerospace OEMs with titanium structural components for airframes, launch vehicles, and turbine engines. Other ATI Ladish operations are in Cudahy, WI (Ladish Forging), Irvine, CA (Chen-Tech Industries), and Stalowa Wola, Poland (ZKM Forging); Diecast Tooling in Racine, WI; Stowe Machining and Aerex Machining, both in Windsor, CT; and Valley Machining in LaCrosse, WI. The merger highlights the companies’ involvement in supplying materials and components to aerospace, defense, and industrial markets. ATI emphasizes the impact that the merger will have on its consumers, allowing it to produce high-technology, finished components in specialty metals and materials. "ATI Ladish adds to our capability to produce highly engineered and technically complex parts,” stated Richard J. Harshman, the new chairman of Allegheny Technologies. “We offer customers, particularly in the aerospace market, an integrated, stable, and sustainable supply chain, which now includes advanced forging, casting, and machining assets for titanium alloys, nickel-based superalloys and specialty alloys." ATI Ladish president Gary J. Vroman said the “combination of complementary operations creates opportunities for us to contribute to ATI's growth while continuing to be an important part of the communities in which we operate."