Ladish acquisition set to close this week after shareholder approval

The shareholders of Cudahy-based Ladish Co. approved the acquisition of the company at a special meeting last week, another step in its planned purchase by a wholly owned subsidiary of Allegheny Technologies Inc.

Approximately 99.9 percent of the Ladish shares voted at the meeting were in favor of the transaction. Ladish expects to close the transaction with ATI today or shortly thereafter.

Ladish is a leading producer of highly engineered, technically advanced metal components for the jet engine, aerospace and general industrial markets.