Special Metals Corporation
 Special Metals Corporation | |
| Industry | Alloy metals |
|---|---|
| Predecessors | Inco Alloys International, Henry Wiggin & Company, Huntington Alloys |
| Founded | 1998 |
| Products | Inconel, Incoloy, Monel, Nimonic, Udimet |
| Owner | Berkshire Hathaway (since 2016)[1] |
Number of employees | 590 (1997) |
| Parent | Precision Castparts Corp. (since 2006)[2] |
| Website | specialmetals |
Special Metals Corporation (SMC) is an American supplier of special refractory alloys and is headquartered in New Hartford, New York, United States. The company has operations in Perth, Western Australia; Albury, New South Wales;Huntington, West Virginia; Dunkirk, New York; Burnaugh, Kentucky; Elkhart, Indiana and Hereford, England.[citation needed]
SMC's trademarks include Inconel, Incoloy, Monel, Nimonic, and Udimet.
History
[edit]"In 1952, a predecessor of Special Metals pioneered the melting technology that led to the practical development of the superalloys that are the critical materials used in the 'hot' section of modern jet engines."[3]
At year end of 1996, SMC had "45 million pounds of vacuum induction melting capacity", 590 employees, was incorporated in Delaware and was managed by Don Muzyka.[3]
SMC acquired Inco Alloys International from Inco in 1998 at the same time as it sold US$125 million of preferred stock to Titanium Metals Corporation.[4]
In 2006, Special Metals was acquired by Precision Castparts Corp. of Portland, Oregon, US.[2]
SMC is now ultimately owned by Berkshire Hathaway as a result of the latter company's acquisition of Precision Castparts in January 2016.<ref name="news">
References
[edit]- ^ Rogoway, Mike (January 30, 2016) [first published online January 29]. "Precision Castparts' $37B sale finalized". The Oregonian. p. C8. Retrieved 2016-02-02.
- ^ a b Precision Castparts Corp. Completes Acquisition of Special Metals Corporation, May 25, 2006 Archived August 10, 2006, at the Wayback Machine
- ^ a b "SPECIAL METALS CORP (SMCX)". Nasdaq, Inc. Retrieved 3 April 2021.
- ^ The New York Times, July 10, 1998 Company News: Special Metals agrees to acquire alloys unit from Inco
External links
[edit]- Official website
- Precision Metal Stamping
- Special Metals Wiggin Official UK website
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