Carpenter Technology Complete Sale of Metals Shapes Business

Carpenter Technology Corporation, today announced the completion of the sale of its Rathbone Precision Metals business to Treci S.r.l., controlling company of Calvi Holdings, S.r.l.

The sale occurred on June 30, 2008 on a cash and debt-free basis for a price of $17.5 million. Rathbone is engaged in the business of designing, manufacturing and selling precision formed shaped components in a variety of alloys in the United States and certain other countries.

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