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Examples
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"Stellite," which is used to a limited extent in non-rusting tools of various sorts, and in considerable quantity to replace high-speed tool steels, is an alloy of cobalt, chromium, and small quantities of other metals.
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NYSE: KMT - News announced today that it has signed a definitive agreement to purchase the Deloro Stellite Group from Duke Street Capital for approximately euro 277 million.
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Deloro Stellite is a global manufacturer and provider of alloy-based critical wear solutions for extreme environments involving high temperature, corrosion and abrasion.
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Through proprietary metal alloys and materials expertise, as well as specialized engineering design and fabrication capabilities, Deloro Stellite delivers value-added tailored wear solutions for customers in Kennametal's current end markets of oil/gas, power generation, transportation and aerospace.
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"Deloro Stellite has a long-standing history of providing exceptional value to customers in demanding environments and we are pleased they have agreed to join the Kennametal team," commented
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Through proprietary metal alloys and materials expertise as well as specialized engineering design and fabrication capabilities, Deloro Stellite delivers value-added, tailored wear solutions for customers in Kennametal's current end markets of oil/gas, power generation, transportation, and aerospace.
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Jan 17 (Reuters) - Industrial tool maker Kennametal Inc said it will buy U.K.-based Deloro Stellite Group, a maker of welding tools and alloys, for 277 million euros ($351.03 million) from private equity firm Duke Street Capital.
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UK-based Deloro Stellite, with approximately euro 220 million in annual sales, is a global manufacturer and provider of alloy-based critical wear solutions for extreme environments involving high temperature, corrosion and abrasion.
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Deloro Stellite makes welding rods and electrodes, wear-resistant alloys and surface coatings.
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The acquisition of Deloro Stellite will be discussed further in a live Internet broadcast at
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