Allegheny Technologies Inc., Pittsburgh, Pa., has acquired Hanard Machine Inc., Salem, Ore., which specializes in precision machining of parts and components made of titanium, nickel-base alloys, superalloys, aluminum, and specialty steels. The business will operate as ATI Cast Products, Salem Operations, and will be a part of ATI’s titanium investment casting business, which is located in Albany, Ore., approximately 40 miles south of Hanard’s location.
“The acquisition of Hanard Machine is consistent with our strategy to create value for our customers and stockholders by expanding our capabilities to produce finished specialty materials parts and components,” said Rich Harshman, ATI’s Chairman, President and Chief Executive Officer. “With this acquisition, ATI is now integrated in the production of titanium investment castings from titanium sponge to precision machined finished parts.
“The acquisition reinforces ATI’s important aerospace supply chain role. Our strategic investments, acquisitions, and new product development provide the capacity and unique capability to produce the alloys, parts, and components that enable the next-generation airframe and jet engines.”
