Buchanan Featured in Media for Role in Kennametal's Deloro Purchase
Buchanan Ingersoll & Rooney assisted client Kennametal Inc. in its €277 million ($353 million) acquisition of alloy component specialist Deloro Stellite Group from private equity firm Duke Street Capital.
As noted in Law360 and various international media, "The acquisition is expected to boost earnings per share for Kennametal in the fiscal year ending June 30, 2013. The Latrobe, Pa.-based manufacturer will fund the €277 million deal through existing credit facilities and operating cash flow."