Carpenter Technology Acquires Oilfield Alloys for $4.8M

Carpenter Technology Corporation CRS announced today the acquisition of Oilfield Alloys Pte. Ltd. for $4.8 million. Based in Singapore, Oilfield Alloys manufactures and distributes directional drilling equipment in the Asia-Pacific region. A distributor of several Carpenter non-magnetic products, Oilfield Alloys also has a sales location in Dubai.
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