Kennametal Sells Kennametal Stellite (Goshen, IN) to Chicago-Based Private Equity Firm
June 6, 2025
Kennametal Inc. completed the sale of its Goshen, Indiana subsidiary, Kennametal Stellite, L.P., to a Chicago-based private equity firm for $19 million in cash at closing plus an EBITDA-based earn-out opportunity over three years. The seller characterized the transaction as a portfolio action to improve sales mix, reduce material cost volatility and better focus on long-term strategic priorities; the buyer was not named in the announcement.
- Buyers
- Unnamed Chicago-based private equity firm
- Targets
- Kennametal Stellite, L.P.
- Sellers
- Kennametal Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Divestiture
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