The Widnes-based business - which also has a presence near Pittsburgh, Pennsylvania - provides state-of-the-art metal powder to clients all over the world to support 3D modelling production. LPW has also recently invested in automisation and software capability and is at the forefront of metal powder Additive Manufacturing.
Carpenter Technology Corporation develops, manufactures and distributes stainless steels and special corrosion-resistant alloys, supporting a range of sectors with a focus on the aerospace, industrial, energy, transport and medical industries.
National Head of Corporate at DWF, Frank Shephard, advised on the transaction alongside senior associates James Cashman and Vicky Thomas, associate Matthew Judge and corporate solicitor Rebecca Gargary. The deal will see LPW strengthen its offering, geographical reach and position as a global leader in the AM industry.
Frank Shephard, National Head of Corporate at DWF said: 'We have worked with Phil and the management team from the early stages of LPW's development to the business it is today. This deal will allow LPW to continue expand its technology and process offering to the AM industry and is another example of DWF's technology sector and international deal capability."
Phil Carroll, LPW’s founder, said: "LPW’s innovative platforms and enabling technology will further solidify Carpenter’s position as a preferred provider of end-to-end next generation Additive Manufacturing solutions. I’m extremely proud of the accomplishments we’ve achieved at LPW and I’m excited to be part of Carpenter’s continued growth and leadership in AM."RSM, led by corporate finance partner James Wild with support from Matt Ritchie and Neil Patel, also advised the shareholders of LPW Technology.