Platte River Equity announced the sale of its portfolio company PRV Metals LLC to Tinicum L.P., a New York-based private investment firm. Through its two operating subsidiaries, Sierra Alloys (Irwindale, Calif.) and TSI Titanium (Derry, Pa.), PRV Metals manufactures and supplies forged and rolled titanium, stainless steel products and other specialty alloys to the commercial aerospace, defense, medical, energy and industrial sectors. The company specializes in flat and round bar and plate products, and it performs in-house heat treating, hot rolling, forging, conditioning and machining.

Allegheny Technologies Inc. (ATI) agreed to sell two non-core forging facilities to Chicago-based Wynnchurch Capital LLC for $37 million. The transaction will close during the second quarter of 2019. The facilities, located in Portland, Ind., and Lebanon, Ky., are part of ATI’s High Performance Materials & Components (HPMC) segment. They use primarily traditional forging methods to produce carbon-steel forged products for use in the oil and gas, transportation, construction and mining industries. Their capabilities include comprehensive forging processes complemented by in-house design and engineering, product machining and heat-treating services.

Approximately 90 FIA members gathered at FIA’s annual meeting in Fort Worth, Texas, to engage the issues of the day in the forging industry.

In late September, trade representatives from Mexico, Canada and the U.S. reached an agreement to replace NAFTA, the North American Free Trade Agreement, which was negotiated by the Clinton administration.

Wendell August Forge of Grove City, Pa., is celebrating its 95th anniversary in 2018. The company, which offers handcrafted products, is planning a year-long celebration to honor the milestone.

IBC Advanced Alloys Corp. secured "Approved Forging Supplier" status with General Dynamics Electric Boat.

Ampco-Pittsburgh Corp. completed its acquisition of Åkers AB (excluding its operations in France and Belgium) and certain of its affiliated companies (Åkers Group).

Ampco-Pittsburgh Corp. entered into a definitive agreement to acquire Sweden’s Akers AB and some of its affiliated companies (excluding its operations in France and Belgium).

Any regular reader of this publication knows that we have been running a series about forging as an advanced manufacturing process.