Kennametal Completes Acquisition
May 3, 2007
Kennametal Inc. has completed the previously announced acquisition of Purity Metal Holdings, Inc. and its wholly owned subsidiary, International Specialty Alloys, Inc. (ISA). ISA, which manufactures high-purity specialty metal products for the aerospace, defense and super-alloy industries, will become part of Kennametal’s Advanced Materials Solutions Group (ASMG). This acquisition supports Kennametal’s growth and investment strategies, which include expanding ASMG to eventually represent 50% of its business.