Carpenter Powder Products, SB Specialty Metals Expand Agreement
Carpenter Technology Corp. announced an expanded long-term marketing and supply agreement between its subsidiary, Carpenter Powder Products (CPP), and strategic customer SB Specialty Metals LLC (SB). CPP is a leading global producer of gas atomized powder-metal (PM) products and has facilities in Pennsylvania, Rhode Island and Sweden. SB is one of the largest tool-steel distributors in the U.S. and has 11 warehouse locations. Under the expanded agreement, SB will purchase 100% of its requirements for PM tool and high-speed steels from CPP. The agreement also grants SB exclusive North American distribution rights to use the Micro-Melt® trademark in marketing and selling its products directly related to this deal.