Kennametal acquires Deloro from Duke Street

The Valence Group advised Kennametal (NYSE: KMT) on its proposed acquisition of Deloro Stellite Group from Duke Street Capital for approximately Euro 277 million.

Deloro Stellite is a global manufacturer and provider of alloy-based critical wear solutions for extreme environments involving high temperature, corrosion and abrasion. Headquartered in the U.K., the company employs nearly 1,300 people across seven primary facilities globally, including locations in the U.S., Canada, Germany, Italy, India and China. Through proprietary metal alloys and materials expertise, as well as specialized engineering design and fabrication capabilities, Deloro Stellite delivers value-added tailored wear solutions for customers in Kennametals current end markets of oil/gas, power generation, transportation and aerospace.

“We were very pleased to have been associated with a premier materials company such as Kennametal and advising them on this highly strategic acquisition. said Kirk McIntosh, a co-founder and partner at Valence.