AMETEK Acquires Hoeganaes' Stainless Steel Powder Business
AMETEK Specialty Metal Powders (SMP) of Eighty Four, Pa., purchased the ANCOR® Specialties stainless steel powder business from Hoeganaes Corp. of Cinnaminson, N.J. The acquisition includes the customer list and an annealing furnace that will be moved to the Eighty Four plant. AMETEK will begin to service Hoeganaes’ customers and work closely with the company to ensure a smooth transition as it relocates production equipment. ANCOR Specialties stainless steel powders adds to AMETEK’s existing stainless steel powder business and expands its capabilities for its 300 and 400 series powders.