The company is a supplier of forged and machined special steel products
Special Melted Products uses Vacuum Induction Melting (VIM), secondary remelting and rotary precision forging to produce a range of high integrity products in low alloy steels, stainless steels and nickel-based super alloys. Steel has been made on SMP’s site since the late 1700s (with the business inventing stainless steel in 1913). Today, the business has leveraged its industrial revolution heritage to become one of only a handful of highly-specialised suppliers into Oil & Gas, Aerospace and Nuclear end-markets.
Based in Sheffield (UK) the business benefits from extensive in-house metallurgical, forging and machining competencies, enabling it to supply a wide range of products thereby reducing supply chain complexity for its customers by serving as a “one-stop-shop.” Key products include billet & forged bars, rolled bars, drill collars, engine shafts and fuel cell components.
Special Melted Products benefits from a strong reputation and a high level of expertise in rotary precision forging. The company is intensifying commercial efforts to gain further market share in its growing end-markets, both organically and inorganically. The business will also focus on operational excellence and lean manufacturing to drive more profitable production.
|Seller||Allegheny Technologies Incorporated (ATI)|
|Year of Acquisition||2022|
|Revenues||EUR 80 m|
|Segment||Engineering & Technology|