Carpenter Technology Corporation have announced a new $35 million deal to acquire 3D printing metal powder company Puris LLC. Carpenter are a manufacturing company that produce “titanium alloys, powder metals, stainless steels, alloy steels, and tool steels as well as drilling tools.” The deal will involve all of Puris’ assets and business, including their titanium powder production patents. Puris are a company that specializes in creating spherical titanium metal powders to be used for additive manufacturing.
According to Carpenter’s President & CEO, Tony Thene,
This acquisition will provide Carpenter with immediate entry into the rapidly expanding titanium powder market and is consistent with our strategic focus on strengthening our leadership position in important growth areas
We recently took a look at the production of spherical metal powders at Ames Laboratory in Iowa. Like Puris, the Ames lab also use gas atomization in order to create their spherical metal powders for 3D printing.
There are several different ways of creating metal powders for 3D printing For example, British research is exploring the creation of a new technique called FAST-Forge. The partnership between Safran Landing Systems, the University of Sheffield, the University of Strathclyde’s Advanced Forming Research Center (AFRC) and Metalysis. uses rutile sand and hopes to provide a more cost-effective and efficient method of creating titanium powder for 3D printing.
The future of Carpenter
This acquisition will allow Carpenter Technology to expand their into the titanium powder industry. Stephen Peskosky, Vice President of Corporate Development at Carpenter, explains how this will affect the company,
The addition of titanium powder to Carpenter’s existing capabilities is significant due to the current and anticipated demand increases from the additive manufacturing industry, which produces mission critical parts supplied to Aerospace and Medical markets, as well as other markets.
Carpenter will continue working at their current site which is primed for expansion. The company, already having a strong production base of metal powders, will incorporate the acquisition into their current offerings. Carpenter’s President & CEO, Tony Thene, spoke regarding the acquisition,
Puris brings industry leading technology and processes for the production of titanium powder, additive manufacturing part production capabilities, a talented team, attractive intellectual property, and established customer relationships. The strengths of Puris, coupled with Carpenter’s reputation as an industry leading producer of premium alloys and our global commercial reach, will allow us to further deliver on the growing needs of our customers.
Nominations for the 1st Annual 3D Printing Industry Awards close soon. Nominate here.
Featured image shows Puris’s titanium powder. Image via Puris.
