Dynamic Materials Sells AMK Technical Services To Air Industries

(RTTNews) - Dynamic Materials Corp. (BOOM) said Wednesday that it has sold its AMK Technical Services business to Air Industries Group (AIRI) for $6.8 million.

AMK, a non-core business of Dynamic Materials that generated about 4% of the company's 2013 consolidated sales, provides advanced welding services to the aircraft engine, power turbine and oil and gas industries. Based in South Windsor, Connecticut, the business was acquired by DMC in 1998.

Kevin Longe, president and CEO of Dynamic Materials, said, "This transaction allows us to enhance our operational and strategic focus on DMC's primary NobelClad and DynaEnergetics businesses. It also positions AMK and its employees with a complementary and respected industrial business that serves many of the same end markets. I want to thank the entire AMK team for their efforts and achievements over the years, and we wish them well in their future with Air Industries."