Kennametal to Sell UK-based Steel Assets
Kennametal Inc., Latrobe, PA, has signed a definitive agreement with Suncraft International Corp. to sell Kennametal’s UK-based Presto brand high speed steel assets. The disposition of these assets is in line with Kennametal’s recently announced intention to accelerate its manufacturing rationalization opportunities. The sale, expected to close by June 30, 2006, (fiscal year-end for Kennametal), […]
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