In 1997, Carpenter Technology Corporation purchased Talley Industries, Inc. which owned Porcelain Products. However, in SEC filings, Carpenter indicated it expected to sell Porcelain Products after it finished the acquisition of Talley ("Carpenter Announces," Sept. 26, 1997). This divestiture occured in 1999, when the management of Porcelain Products bought out the company from Carpenter ("Porcelain Products Buys Illinois Facility," Jan. 7, 2000).
"Carpenter Announces Major Acquisition to Expand Manufacturing Capacity." Press Release. (September 26, 1997). SEC Info. Key word: Carpenter Technology Corp - 8-K - For 9/25/97 - EX-99. <http://www.secinfo.com/dhDs.8t.c.htm>.
“Porcelain Products Buys Illinois Facility.” The ( Findlay , Ohio ) Courier Electronic Edition (January 7, 2000). http://www.thecourier.com/issues/2000/Jan/010700.htm .