Carpenter Technology Announces Acquisition of Amega West Services, LLC

Carpenter Technology Corporation CRS today announced it has acquired Amega West Services, LLC. The business was purchased from a group consisting of Energy Special Situations Funds, other investors and certain Amega West employees for approximately $54 million. The acquisition provides Carpenter with additional opportunities for selling specialty alloys into the growing oil & gas market. The transaction is expected to be modestly accretive to earnings in fiscal year 2011.