U.S. Markets closed

ATI to sell plants in Indiana, Kentucky for $37M

Luke Torrance
ATI to sell plants in Indiana, Kentucky for $37M

Allegheny Technologies has agreed to sell two non-core forging facilities for $37 million in cash, according to a release from the company. The facilities, which are located in Portland, Indiana and Lebanon, Kentucky, are part of ATI's High Performance Materials and Components (HPMC) segment. The purchaser of the two plants is the Chicago-based Wynnchurch Capital LLC, a middle-market private equity investment firm that invests in middle-market companies in the United States and Canada.