SPECIAL METALS

SPECIAL METALS makes nickel- and cobalt-based alloys and superalloys for aircraft engine rotating components and other high-performance systems. The company's products are designed to withstand extreme heat, stress, and corrosion. They are available as billet, plate, and tube; extruded shapes; and wire and welding consumables. SPECIAL METALS also makes wrought superalloys and superalloy powders. Customers include companies in the aerospace, automotive, chemical, petroleum, and power generation industries. The company is owned by Precision Castparts, which makes investment castings used in aerospace and power generation applications.

 Precision Castparts paid $540 million, including assumed debt, for SPECIAL METALS. The nickel-based billet produced by SPECIAL METALS is a key raw material that Precision Castparts had previously been buying from outside suppliers.

The company has manufacturing and research facilities in the US and Europe, sales offices in North America, Europe, and Asia, and a distribution network including most of the industrialized countries of the world. SPECIAL METALS's warehouse stocks are maintained in North Carolina, Texas, and California, as well as in Canada and Europe.