Carpenter Technology Corporation, a producer of premium specialty alloys, has acquired metal powder and powder lifecycle management solutions leader LPW Technology Ltd. for approximately $81 million. The acquisition could mark a major shift in leadership within the additive manufacturing powders industry, bringing Carpenter to the fore.
Based in Widnes, Cheshire in northwest England, LPW Technology has become recognized globally as a supplier of both metal AM powders and powder management solutions. The company has seen significant growth over recent years, with investments from companies such as Stratasys, various partnerships to develop alloys and, significantly with a new £20 million powder production plant opening this past June.
The company, which also has operations in Pittsburgh, Pennsylvania, currently employs about 80 people and has the capacity to produce 600 tons of AM powders yearly. The recent acquisition of LPW will see Carpenter Technology Corporation leverage its metal powder lifecycle management tech in combination with its own expertise in producing metal powders for AM.
As Tony R. Thene, President and CEO of Carpenter, stated: “Our aggressive development in key aspects of Additive Manufacturing (AM) demonstrates our commitment to build on our industry-leading position in this space. The acquisition combines LPW’s metal powder lifecycle management technology and processes with our technical expertise in producing highly engineered metal powders and additively manufactured components.”
Carpenter, for its part, has been expanding its additive portfolio significantly, with investments in titanium powder producer Puris and electron beam and PBF services company CalRAM. The company also recently announced the construction of an Emerging Technology Center in Athens, Alabama. Clearly, it has its sights set on being a leader in the metal powder for AM industry.
The strategic acquisition of LPW Technology will give Carpenter access to LPW’s well regarded lifecycle management solutions, which offer an in depth understanding of how metal powders behave before, during and after they are processed using powder-bed fusion AM. The powder management technology enables manufacturers to monitor and trace their metal powders to ensure reliability and assert quality control throughout the manufacturing process.
“LPW’s innovative platforms and enabling technology further solidify Carpenter’s position as a preferred provider of end-to-end next generation Additive Manufacturing solutions,” commented Phil Carroll, LPW’s founder. “I’m extremely proud of the accomplishments we’ve achieved at LPW and I’m excited to be part of Carpenter’s continued growth and leadership in AM.”