Wynnchurch Capital Acquires Allegheny Technologies' Portland and Lebanon Forging Operations

June 3, 2019

Wynnchurch Capital acquired two closed-die forging facilities from Allegheny Technologies Incorporated (ATI) — the Portland, Indiana and Lebanon, Kentucky operations — in a deal reported at approximately $37 million. Wynnchurch said the carve-out creates a platform opportunity (Premier Forge Group) to grow the forging business and partner with management to expand capabilities for blue‑chip OEM end markets including transportation, oil & gas and aerospace & defense.

Targets
Allegheny Technologies (Portland, IN forging operations), Allegheny Technologies (Lebanon, KY forging operations)
Sellers
Allegheny Technologies Incorporated (ATI)
Platforms
Premier Forge Group
Industry
Manufacturing
Location
United States
Transaction Type
Divestiture

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