Allegheny Technologies Inc. (ATI) announced a realignment of its business segments to further enhance its position as a leading specialty materials manufacturer and to accelerate sustainable long-term profitable growth. Starting with first-quarter 2020 financial results, ATI will report in two business segments: a streamlined High Performance Materials & Components (HPMC) segment and the new Advanced Alloys & Solutions (AA&S) segment.

Ametek Inc. signed a definitive agreement for the sale of its Reading Alloys business to Kymera International, a specialty materials company owned by affiliates of Palladium Equity Partners. Founded in 1953, Reading Alloys provides highly engineered materials for mission-critical applications in the aerospace, defense, medical and industrial markets. The company’s products include master alloys, thermal-barrier coatings and titanium powders.

Carpenter Technology Corp. announced plans to add an Emerging Technology Center on its Athens, Ala., campus. The facility will initially focus on additive-manufacturing (AM) technology development, with future investments slated for meltless titanium powder and soft magnetics. The company expects to invest $52 million in the Emerging Technology Center, which will create approximately 60 jobs over the next five years and is expected to open in approximately 12 months.

GKN Aerospace will lead a three-year collaborative research program to develop titanium powder specifically formulated and blended to meet the needs of additive manufacturing of aerospace components.