Carpenter Technology Acquires LPW Technology, Expands AM Capabilities

(RTTNews) - While reporting its first-quarter financial results today, Carpenter Technology Corp. (CRS) said it has acquired LPW Technology Ltd. for about $81 million.

LPW is a supplier of advanced metal powders and powder lifecycle management solutions to the Additive Manufacturing industry, for approximately $81 million. The company, based in Widnes, Cheshire, United Kingdom, has additional processing operations near Pittsburgh, Pennsylvania, and employs approximately 80 people.

Carpenter noted that the acquisition of LPW expands its growing position as an additive manufacturing or AM solutions provider.

"Our aggressive development in key aspects of Additive Manufacturing (AM) demonstrates our commitment to build on our industry-leading position in this space. The acquisition combines LPW's metal powder lifecycle management technology and processes with our technical expertise in producing highly engineered metal powders and additively manufactured components," said Tony Thene, Carpenter's President and Chief Executive Officer.

Carpenter noted that it's additive portfolio, including recent investments in Puris, a titanium powders producer; CalRAM, a leader in electron beam and laser powder-bed fusion additive manufacturing services, and construction of an Emerging Technology Center in Athens, Alabama represent a significant force positioned to capitalize on the rapid AM growth.