Ulbrich Acquires Two Assets from ATI
By
Metal Center News Staff on
Nov 7, 2024
Ulbrich Stainless Steels & Special Metals has acquired ATI New Bedford, Mass., and Remscheid, Germany, Precision Rolled Strip Operations. Wallingford, Conn.-based Ulbrich is a precision re-roller and distributor of precision metals used in the medical, automotive and aerospace industries.
Under Ulbrich’s ownership, the New Bedford facility will be named Ulbrich Precision Alloys and the location in Remscheid will be Ulbrich Europe Metals.
"With this divestiture, ATI sharpens its focus on providing our aerospace and defense customers with the titanium, nickel and alloyed products that are rolled, melted and/or finished throughout Specialty Rolled Products facilities," said Kimberly A. Fields, president and CEO. "Our ongoing evaluation to align our asset portfolio with our strategic focus on aerospace and defense uncovered this opportunity to further streamline operations."
"We are thrilled to welcome the New Bedford, Mass., and Remscheid, Germany precision rolled strip operations to the Ulbrich family," said Chris Ulbrich, CEO and chairman of Ulbrich's board. "These operations specialize in quality products in niche markets, like the thin gauges and small coils that make up the precision rolled strip business, ideally suited for Ulbrich's strategy and dedicated, global sales force. This acquisition is a transformative step in our journey as we continue to innovate and expand our offerings."
Ulbrich now offers a wider range of precision strip, with gauges down to 0.002 inches and widths up to 42 inches annealed, 48 inches tempered. These advanced capabilities make the company the ideal partner for additional industries that require the highest levels of precision, strength and reliability, the company claimed.