Ametek has completed the sale of its Reading Alloys business to Kymera International.

Based in Robesonia, Pennsylvania, Reading Alloys has annual sales of around US$160 million and was sold for US$250 million in an all-cash transaction.

‘This transaction completes our recent strategic portfolio review process and further strengthens our already strong balance sheet, which supports our capital deployment efforts,’ said David A Zapico, Ametek CEO. ‘We wish Reading Alloys continued success and thank the team for their tremendous efforts through this process.’

This story uses material from Kymera, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.