# Mutares completes acquisition of ATI's Sheffield operations, renames to Special Melted Products

Mutares SE & Co. KGaA completed the acquisition of the Sheffield operations of Allegheny Technologies Incorporated (ATI). The business, now named Special Melted Products Limited, is a supplier of forged and machined products in Sheffield, UK, with expected 2022 revenues of approximately EUR 80 million.

- Type: Acquisition
- Announced: 2022-05-12
- Where: Sheffield, UK, United Kingdom
- Jobs: 190
- Status: completed
- Products: forged and machined products, low alloy steels, stainless steels, nickel-based superalloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Allegheny Technologies Incorporated](https://endata.com/companies/25823.md)
- [Allegheny Technologies Incorporated](https://endata.com/companies/25823.md) (target)
- [Mutares SE & Co. KGaA](https://endata.com/companies/33465.md) (acquirer)
- [Special Melted Products Limited](https://endata.com/companies/62838.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/MUTARES-SE-CO-KGAA-45615650/news/Mutares-has-successfully-completed-the-acquisition-of-ATI-s-Sheffield-operations-40415041/), 2022-05-12: "Mutares has successfully completed the acquisition of the Sheffield operations of Allegheny Technologies Incorporated (ATI)."
- [kroll.com](https://www.kroll.com/en/transactions/sell-side-advisor-ati), 2022-05-19: "The Kroll team was an excellent partner in our quest to find the right owner for this operation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.