Carpenter Technology (CRS) & Samuel Form Strategic Alliance
Zacks Investment Research | Jun 23, 2017 08:55AM ET
Carpenter Technology Corporation (NYSE:CRS) entered into a strategic alliance with Samuel, Son & Co. to provide end-to-end supply chain solutions for the additive manufacturing market. The deal will offer customers with turnkey solutions catered to their needs by combining full range of additive manufacturing capabilities.
Samuel recently entered into a purchase agreement with Burloak Technologies, a leading supplier of highly-engineered additive manufacturing solutions. Carpenter Technology’s leading position in powder metals and specialty wire, along with Samuel’s expertise in metal processing, manufacturing and distribution and Burloak’s competence as world class design and development capabilities, offers excellent integrated supply chain solution to customers across all segments of additive manufacturing market.
Carpenter Technology and Samuel revealed that the deal will offer a new dimension to additive manufacturing. It shall provide customers the powder of their choice, prototyping, design, material qualification, production and delivery. Customers in additive manufacturing market will also be able to solve real-time contract requirements seamlessly as the strategic alliance will give full access to design engineering and R&D capabilities.
Carpenter Technology’s shares dipped roughly 0.7% in the last three months, outperforming the Zacks categorized Zacks Investment Research
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