Kennametal Completes $605 Million Purchase of Tungsten Materials

LATROBE, Pa. (AP) -- Kennametal, which provides vehicle, aerospace and machinery makers with materials and engineered products, said Monday that it completed the acquisition of Tungsten Materials for $605 million.

The acquisition from Allegheny Technologies was first announced on Sept. 16. Tungsten Materials produces and recycles tungsten.

Kennametal said the acquisition will help expand its metallurgical strategy and reduce previously planned capital expenses. It plans to outline expected cost savings from the transaction during a presentation Wednesday.

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