Allegheny Technologies has acquired the Salem-based Hanard Machine, which performs precision machining on parts and components made from titanium alloys, nickel-based alloys, superalloys and specialty steel.
The major markets that Hanard Machine deals in are aerospace & defense, oil & gas and chemical & petrochemicals. It is planned that Hanard Machine will operate as ATI Cast Products, Salem Operations, and be part of ATI’s titanium investment casting business that is in Albany, Oregon.
“The acquisition of Hanard Machine is consistent with our strategy to create value for our customers and stockholders by expanding our capabilities to produce finished specialty materials parts and components,” said Rich Harshman, ATI’s Chairman, president and chief executive officer. “With this acquisition, ATI is now integrated in the production of titanium investment castings from titanium sponge to precision machined finished parts.