Carpenter Technology Corporation announced the completion of the sale of its Rathbone Precision Metals business to Treci Srl controlling company of Calvi Holdings, Srl.

The sale occurred on June 30th 2008 on a cash and debt free basis for a price of USD 17.5 million.

Rathbone is engaged in the business of designing, manufacturing and selling precision formed shaped components in a variety of alloys in the United States and certain other countries.