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AGY has entered into a definitive agreement to acquire Owens Corning CFM (continuous filament mat) manufacturing assets in Huntingdon, P.A. and marble production assets in Anderson, S.C.
The CFM addition further accelerates AGY’s strategy in specialty composite materials offering new market potential, manufacturing synergies and an extended composites customer base. The transaction, which has been approved by the Board of Directors of AGY, is expected to close in late 2007 and is subject to customary closing conditions and regulatory and antitrust approvals.
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