Carpenter Technology acquired Amega West Services, a Houston-based manufacturer and service provider of complex components for directional drilling equipment for approximately $54 million. The acquisition provides Carpenter with additional opportunities for selling specialty alloys into the growing oil & gas market. Amega West is a leading manufacturer of high-precision components for measurement while drilling and logging while drilling, drill collars, stabilizers and other down-hole tools used for directional drilling, which reduces the cost and environmental impact of oil & gas production.
Carpenter Technology currently supplies alloys to Amega West. Carpenter's product portfolio of specialty alloys combined with Amega West's capabilities in manufacturing components and tools used in directional drilling creates a more integrated, value-added supply chain for customers in the oil & gas market. Carpenter plans to expand Amega West's manufacturing capacity at its Tyler, Texas, facility, as well as the rental fleet and the footprint of the company's five North American service centers.
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