Carpenter Technology Acquires Canadian Machining Company
Carpenter Technology agreed to acquire the assets of ARwin Machining Plus Ltd. for approximately $1.4 million. The assets will become integrated into the Canadian division of Amega West Services, a subsidiary of Carpenter Technology that specializes in directional drilling manufacturing. Both companies are located in Nisku, Alberta. The acquisition enhances Amega West’s machining capabilities through added expertise and positions it to develop new directional drilling applications. Carpenter acquired Amega West in December 2010 and acquired Oilfield Alloys as a geographic complement in June 2011.