Posted in | News | Coatings and Thin Films | Aerospace Materials

Kennametal Complete Acquisition of High-Purity Specialty Metals Products Manufacturer

May 2 2007

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Kennametal Inc. announced today that it has completed the previously announced acquisition of Purity Metal Holdings, Inc. and its wholly-owned subsidiary, International Specialty Alloys, Inc. (ISA).

ISA manufactures high-purity specialty metal products for the aerospace, defense and super alloy industries, as well as a number of other industries that use advanced metal coatings.

Kennametal conducts acquisitions according to a disciplined process that is part of the company's management operating system known as the Kennametal Value Business System (KVBS). This acquisition further supports Kennametal's growth and investment strategies, which include expanding its Advanced Materials Solutions Group (AMSG) to eventually represent 50 percent of its business.

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