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Allegheny Technologies Acquires Dynamic Flowform; Rich Harshman Comments

acquisitionAllegheny Technologies Inc. (NYSE: ATI) has moved to grow its presence in the aerospace and energy markets by acquiring Dynamic Flowform Corp. for an undisclosed amount.

Billerica, Mass.-based Dynamic Flowform manufactures components in net or near-net shapes of lloy systems using a precision flowforming process, ATI said Monday.

Rich Harshman, ATI’s chairman, president and CEO, said his company intends to expand its technologies for producing specialty materials parts and components through the acquisition.

“This acquisition is expected to be immediately accretive to ATI, ” Harshman added.

Dynamic Flowform produces airframe and jet engine parts and oil and gas drilling and completion tools.

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