Embassy Powdered Metals, Inc, a powdered metal (PM) manufacturer, will acquire American Sintered Technologies (AST), which makes PM products for a range of industries.

Embassy will invest US$3,050,000 in the purchase, which includes AST’s real estate and machinery and equipment assets. Embassy has committed to retaining a combined total of 96 full-time employees from the two companies over the next three years.

‘It was a natural perfect fit for our growing business here in Emporium,’ said Steve Aharrah, President of Embassy. ‘Both privately held companies were locally built on foundations of community partnership and shared success with customers, employees and vendors. These commonalities will help produce a seamless integration of our companies’ philosophies and services.’

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