Carpenter Expands Powder Capabilities with Acquisition of UltraFine Powder Technology, Inc.


BRIDGEVILLE, PA (April 4, 2008) -- Carpenter Technology Corporation recently
announced its Carpenter Powder Products subsidiary has acquired UltraFine
Powder Technology, Inc., a private company.

UltraFine Powder, which operates a single facility in Woonsocket, R.I., is a
leader in the manufacture and sale of fine gas atomized powders for the
metal injection molding (MIM) industry and other specialty markets.

"UltraFine's capabilities will supplement Carpenter Powder Products' existing
manufacturing facilities in Bridgeville, Pennsylvania, and Torshalla, Sweden,
and will further strengthen our position as the leading supplier of gas
atomized powder to the global MIM industry," said William B. Kent, vice
president and general manager of CPP. "The acquisition will enable us to
provide greater service to our customers with an expanded range of products
and capabilities. With increased demand for finer powders in a variety of high-
performance applications, CPP will be well-positioned to satisfy the
requirements of our customers in this growing market area."

About Carpenter Technology
Carpenter Technology produces and distributes specialty alloys, including
stainless steels, titanium alloys and superalloys, and various engineered
products. Detailed information about Carpenter and CPP can be accessed at
our website: www.cartech.com

About Carpenter Powder Products
Carpenter Powder Products offers the industry's most extensive capacity for
spherical gas atomized metal powders, and supplies a wide range of products
for advanced aircraft and medical alloys to stainless and tool steels. For
further information about CPP, contact Bill Kent, Bridgeville, PA, USA: phone
412-257-5154; e-mail: WKent@cartech.com

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