Ulbrich Stainless Steels & Special Metals has acquired the precision rolled strip operations in New Bedford, Massachusetts, and Remscheid, Germany, from ATI (formerly Allegheny Technologies), which further expands its precision rolling capabilities and strengthening its position in the global market.
Under Ulbrich’s ownership, the New Bedford, Massachusetts, facility will be named Ulbrich Precision Alloys and the location in Remscheid, Germany will be Ulbrich Europe Metals.
These acquisitions mark a milestone in Ulbrich's growth strategy, allowing the company to enhance its precision re-rolling capabilities, particularly in light-gauge, wide-width nickel alloys, titanium, and specialty stainless steel.
Chris Ulbrich, CEO and chairman of Ulbrich’s board, says the asset acquisitions represent “a transformative step in our journey, and we continue to expand our product offerings for an ever-growing precision strip market.”
ATI produces high-performance materials and solutions for the aerospace and defense markets, and critical applications in electronics, medical and specialty energy. ATI agreed to sell its precision rolled strip operations as part of its strategic realignment.
Ulbrich will continue to supply the global market with the same alloys and intermediate volumes of specialty gauges, including precision-rolled options, that were previously offered by ATI. Terms of the transaction were not disclosed.
