ATI Acquires Hanard Machine

  ATI Acquires Hanard Machine

Business Wire

PITTSBURGH -- June 13, 2014

Allegheny Technologies Incorporated (NYSE:ATI) announced today that it has
acquired Hanard Machine, Inc. (“Hanard”). Located in Salem, OR, Hanard
performs precision machining on parts and components made from titanium
alloys, nickel-based alloys and superalloys, aluminum, specialty steel, and
other ferrous and non-ferrous metals. Hanard’s major markets are aerospace and
defense, and oil and gas/chemical process industry. The business will operate
as ATI Cast Products, Salem Operations, and be a part of ATI’s titanium
investment casting business, which is located in Albany, OR, approximately 40
miles south of the Salem operations.

“The acquisition of Hanard Machine is consistent with our strategy to create
value for our customers and stockholders by expanding our capabilities to
produce finished specialty materials parts and components,” said Rich
Harshman, ATI’s Chairman, President and Chief Executive Officer. “With this
acquisition, ATI is now integrated in the production of titanium investment
castings from titanium sponge to precision machined finished parts.

“We have identified significant growth opportunities for ATI’s integrated
titanium investment casting business. With this acquisition, we believe ATI is
better positioned to achieve our goal to at least double the revenue of ATI
Cast Products within the next five years.

“The acquisition reinforces ATI’s important aerospace supply chain role. Our
strategic investments, acquisitions, and new product development provide the
capacity and unique capability to produce the alloys, parts, and components
that enable the next-generation airframe and jet engines.”

This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on management's current expectations and include known
and unknown risks, uncertainties and other factors, many of which we are
unable to predict or control, that may cause our actual results, performance
or achievements to differ materially from those expressed or implied in the
forward-looking statements. Additional information concerning factors that
could cause actual results to differ materially from those projected in the
forward-looking statements is contained in our filings with the Securities and
Exchange Commission. We assume no duty to update our forward-looking
statements.

Building the World’s Best Specialty Materials Company™

Allegheny Technologies Incorporated is one of the largest and most diversified
specialty materials and components producers in the world with revenues of
approximately $3.9 billion for the twelve months ending March 31, 2014. ATI
has approximately 9,500 full-time employees world-wide who use innovative
technologies to offer global markets a wide range of specialty materials
solutions. Our major markets are aerospace and defense, oil and gas/chemical
process industry, electrical energy, medical, automotive, food equipment and
appliance, and construction and mining. The ATI website is www.ATImetals.com.

Contact:

Allegheny Technologies Incorporated
Dan L. Greenfield, 412-394-3004
 
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