Industry News Blasch Expands Technical Business Development Team with New Hire


Blasch Precision Ceramics, Inc. is an expanding Albany-based manufacturing company specialized in ceramic tech- nology. As a growing company, Blasch


is proud to announce its latest full time addition to the team: Alex Markle, Appli- cations Engineer. In this role, Alex will facilitate


Allegheny Technologies Incorporated (ATI) Announces Agreement to Sell its Cast Products Business to Consolidated Precision Products Corp. (CPP)


Allegheny Technologies Incorpo-


rated (ATI) today announced it has reached a definitive agreement to sell its Cast Products business to Consoli- dated Precision Products Corp. (CPP) of Cleveland, OH. CPP operates 16 global facilities manufacturing prod- ucts primarily for the aerospace, de- fense and industrial industries and is a portfolio company of Warburg Pincus, a leading global private equity firm. The transaction, subject to custom- ary regulatory approvals, is expected to close in the early part of the third quarter 2019. The ATI Cast Products business unit is part of the High Performance Materials & Components (HPMC) segment. It produces titanium investment castings that are primarily used by aerospace & defense OEMs in the production of commercial jet airframes and engines. A post-casting machining facility in Salem, OR will remain with ATI and provide services to CPP and others. “We continue to actively


evaluate our business portfolio to ensure that we are focused on the businesses that offer ATI the best combination of growth, profitability, and corporate synergies,” said Robert S. Wetherbee, President and Chief Executive Officer. “ATI’s HPMC segment is at its


best when we couple our materials science expertise and extensive forging experience to produce critical jet engine components in our world-class


production facilities,”


said John Sims, Executive Vice President, HPMC Segment. “ATI’s


®


Cast Products business is a good fit for CPP’s aerospace and industrial focused business portfolio.” The gross cash proceeds will be used to further ATI’s capital deployment


priorities, principally


focused on improving its balance sheet by reducing corporate debt levels and funding its pension obligations, as well as building its strategic cash reserves over time. ATI’s third quarter 2019 results will likely include a modest gain from this transaction.


Lazard acted as the exclusive


financial advisor to ATI for this transaction.


About ATI ATI is a global manufacturer of technically advanced specialty materials and complex components. ATI revenue was $4.1 billion for the twelve-month period ended March 31, 2019. Their largest markets are aerospace & defense, particularly jet engines. They also have a strong presence in the oil & gas, electrical energy, medical, automotive, and other industrial markets. ATI is a market leader in manufacturing differentiated specialty alloys and forgings that require their unique manufacturing


and precision


machining capabilities and their innovative new product development competence. They are a leader in producing powders for use in next- generation jet engine forgings and 3D-printed aerospace products. See more at their website ATImetals.com.


process-oriented solutions to customer problems, including analyzing process factors in customer applications to determine optimal solution, perform initial and final product design and detailing,


and directly interact with


customers on new and existing issues. In addition, Alex will collaborate with the Technical Business Development (TBD) department as well as the other departments as required in order to enhance project synergy and facilitate successes. Alex is a recent graduate of Rensselaer Polytechnic Institute with a Bachelor of Science in Mechanical Engineering. Alex’s previous roles in Virtual


SOP Development, Capstone Design Project, and Professional Development has provided her opportunities to work with various design software including Solidworks, Finite Element Analysis in NX10, Virtual Knowledge Share and CAD. Her additional experience includes project management, traditional versus smart manufacturing practices, virtual SOP development, Matrix Laboratories, and R&D manufacturing applications. “We are pleased to welcome Alex


to our Technical Business Development team,” comments Will Russell, Vice President of Development


at


Technical Business Blasch. “With


her


recent experience with engineer design software, we are excited to see what she has to offer.”


About Blasch Precision Ceramics Founded in 1979, Blasch Precision Ceramics,


an Albany-based


manufacturer, provides innovative solutions for the world’s toughest refractory applications. Blasch produces premium quality net shape refractory ceramic shapes and systems for a variety of manufacturing and process industries throughout the world, including aerospace metal processing, chemical processing, petrochemical refining, power generation, non-ferrous metal processing, industrial process heating, mining, minerals processing, cement and wear.


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