Cyclops Industries to Sell Its Specialty Steel Division
PITTSBURGH —
Cyclops Industries Inc. said it reached an agreement in principle to sell its Cytemp Specialty Steel division to Special Metals & Technologies Corp. at undisclosed terms. Special Metals is parent of Special Metals Corp. in New Hartford, N.Y.
Cytemp Specialty produces alloys, high-performance stainless steels and other steels designed for critical applications. The division’s three plants in Pennsylvania employ about 1,200 workers.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
