Carpenter Announces Exclusive Venture with SB Specialty Metals
Companies to Collaborate to Service the Domestic Knife Blade Market
WYOMISSING, Pa. - July 28, 2010 - Carpenter Technology Corporation (NYSE: CRS), a leader in the development and manufacture of high-performance specialty alloys, today announced an exclusive deal with SB Specialty Metals LLC. Together, the two companies will bring sport and military knife blade materials to a much broader market in both the U.S. and Canada.
"This is an ideal collaboration," said Andrew Ziolkowski, vice president of Carpenter's Bar and Coil Business. "We are bringing a leading, high-quality material development and production company together with the blade industry's top service provider and distributor."
Under the terms of the venture, Carpenter will produce its Carpenter CTS(TM) suite of materials featuring the highly sought after CTS XHP and CTS BD1 alloys. SB Specialty Metals, formerly a part of Crucible Materials Corp., will then distribute the cutting blade materials and provide customer service.
"Bringing these two titans together will greatly benefit the domestic industry. Both companies are strong U.S. suppliers," said Scott Devanna, vice president of SB Specialty Metals. "We are both committed to improving the overall domestic industry and providing exceptional materials and service to the industry."
CARPENTER TECHNOLOGY CORP.
Carpenter is a leading international producer and distributor of specialty alloys including high temperature stainless steels, powder products, specialty tool and die steels, titanium alloys and superalloys. Carpenter provides materials solutions for the ever changing needs and most extreme challenges in the aerospace, industrial, medical, energy, automotive and consumer sectors. More information is available at www.cartech.com.
SB SPECIALTY METALS
SB Specialty Metals LLC, a subsidiary of Dallas-based SBI Trading, is a leader in the distribution of specialty steel bar products, as well as high alloy particle metallurgy materials and other specialty metals. The company operates 10 specialty metal service centers across North America and services many industrial and retail sectors including aerospace, automotive, energy, tool and die, stainless and cutting blades. More information is available at www.sbsm.com.
