Manufacturer of Custom Metal Solutions
Establishes Operations Under a New
Brand Name and Brand Identity

Veridiam, Inc. (formerly known as Carpenter Special Products Corporation), a leading integrated manufacturer of precision engineered metal components and assemblies, is pleased to announce that it has been acquired from Carpenter Technology Corporation by WHI Capital Partners, a Chicago-based private equity firm. As a stand-alone company, it has been renamed Veridiam, Inc. and will continue to focus on its core nuclear power generation, aerospace and medical device business.

"While our name and logo are new, our mission remains the same. We will continue to provide custom engineered solutions to our customers' most demanding problems," said Neal Nordstrom, the Company's President and Chief Executive Officer. "We will build on our reputation of reliably providing quality specialty metal tubing, precision shaped products, and fabricated tubular components and assemblies used in medical device, aircraft, nuclear power and other industrial applications," Nordstrom added.

Veridiam will continue its strong supply relationship with its former parent, Carpenter Technology Corporation (NYSE:CRS), to insure access to certain of Carpenter Technology's proprietary alloys. Veridiam and Carpenter Technology Corp. will continue to work together to promote the use of advanced materials for various applications that leverage each company's unique expertise and knowledge.

"Veridiam partners with R&D and design engineers to address specific manufacturing and design needs from material selection through finished components," said Rich Hockman, Veridiam's Director of Sales & Marketing. "We offer a wide variety of fabrication options and custom engineered products to meet very demanding engineering challenges, " he advises. All products are engineered and manufactured under a quality system certified to ISO 9001:2000, AS 9100, and NQA-1.

Neal Nordstrom, Veridiam's CEO added, "The partnership with WHI Capital Partners will provide the capital, operational and business development expertise necessary to accelerate the growth of our organization. As a management team, we are extremely excited by this opportunity."

Editor's Note:

A high-resolution JPG photograph is available for download. Click [HERE].