Universal Stainless to buy Patriot Special assets for up to $130 Million

Reuters reports Universal Stainless & Alloy Products Inc (NASDAQ:USAP) said it will buy Patriot Special Metals’ assets.

The market news is quoted as saying,

The acquisition will enable Universal to enter high nickel alloy and super alloy markets for aerospace parts, landing gear, helicopter rotor masts and gears and non-magnetic drill collars for oil and gas exploration.

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