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Ampco-Pittsburgh Completes Sale of ASW Steel to Valbruna Canada-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
10/9/2019 钣金展-激光展- Laser expo, Sheet Metal Industry expo |
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Ampco-Pittsburgh Corporation announced the completion of the sale of its Canadian specialty steel subsidiary ASW Steel Inc to Valbruna Canada Ltd, a subsidiary of Acciaierie Valbruna SpA, of Vicenza, Italy. With production facilities located in Fort Wayne, Indiana and in Italy, and with worldwide distribution including a service center in Milton, Ontario, Canada, Valbruna is a leading producer of stainless steels, nickel alloys, and titanium long products. It has an annual output of approximately 200,000 tons of specialty steels.
Mr Brett McBrayer, Ampco-Pittsburgh’s Chief Executive Officer said that “The divestiture of ASW is consistent with Ampco-Pittsburgh’s strategy to concentrate on assets critical to our success in the Forged and Cast Engineered Products segment. We anticipate an immediate improvement to Ampco-Pittsburgh’s bottom line. We thank our colleagues at ASW and wish them well going forward.”
Massimo Amenduni, Managing Director of Valbruna, stated that “This acquisition is a very important step for us to provide an even better service to our valued North American customers.”
钣金展-激光展-2020年第二十一届广州国际激光设备及钣金工业展
-2020
China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
-Sheet metal exhibition, Sheet metal expo, 2020
Sheet metal exhibition, 2020 Sheet metal expo, China Sheet metal exhibition,
China Sheet metal expo, Laser Equipment exhibition, Laser Equipment expo, 2020 Laser
Equipment exhibition, 2020 Laser Equipment
expo, Laser exhibition, Laser expo
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