http://www.caledonianalloys.com
Caledonian Alloys is the world leader in the management of nickel and cobalt base superalloy and titanium alloy recycling for the aerospace, land based turbine and chemical industries. The company transforms revert - excess alloy material arising from high performance component manufacture, from decommissioned parts and the melting process - through rigorous processing, into material that can be re-melted to produce new nickel, cobalt or titanium alloys. Caledonian Alloys provides customers with a range of tailored revert management services designed to enable them to optimize the use and value of their own revert material. Accredited with all major vacuum and high temperature melters worldwide, Caledonian Alloys supplies fully processed nickel and titanium revert material to the melting industry, and purchases revert material from a wide range of industrial customers throughout the world. Latest News:
1995: In December 1995, Howmet is acquired by a joint venture in which The Carlyle Group is a 51% participant and Thiokol Corporation is a 49% participant. A Fortune 500 company, Thiokol is a leader in the production of high-technology solid-propellant rocket motors and proprietary fastening systems for the transportation industry. The company is also a major supplier of ordnance and composite products. 1997: On November 26, 1997, Howmet's holding company, Howmet International Inc., begins trading as a publicly listed company on the New York Stock Exchange. Concurrently, Thiokol raises its stock ownership in Howmet to 62% and has the option to purchase the remaining shares owned by The Carlyle Group. Under its new ownership, Howmet continues to be well positioned for growth and technological development and will remain focused on customer satisfaction. 1999: Thiokol, now known as Cordant Technologies Inc., purchases Carlyle's remaining shares, increasing its ownership to 84.6% of the company's stock.
Carpenter Technology Corporation (Carpenter) is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company operates in two business segments: Advanced Metals Operations (AMO) and Premium Alloys Operations (PAO). It primarily processes basic raw materials, such as nickel, cobalt titanium, chromium, iron scrap and other metal alloying elements through various melting, hot forming and cold working facilities to produce finished products in the form of billet, bar, rod, wire, narrow strip, special shapes and hollow forms in many sizes and finishes. The Company also produces certain metal powders and fabricated metal products. On June 30, 2008, Carpenter completed the sale of its metal shapes business, Rathbone Precision Metals, to Calvi Holdings, S.r.l. On March 31, 2008, the Company completed the sale of its ceramics businesses to Morgan Crucible Company plc. On March 27, 2008, the Company acquired Ultrafine Powder Technology. (Source: 10-K)
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