Watermill and Hicks #EquityPartners Announce Completion of Latrobe Specialty Metals, Inc. #Merger withCarpenter Technology Corp.

Strategy Transforms Small Steel Division into Specialty Metals Leader, Delivering 10x Return

LEXINGTON, Mass. & DALLAS, Feb 29, 2012 (BUSINESS WIRE) -- The Watermill Group, a strategy-driven private investment firm, and Hicks Equity Partners ("HEP"), the private equity investment vehicle of the Thomas O. Hicks family, today announced the completion of the merger between Latrobe Specialty Metals, Inc. and Carpenter Technology Corporation /quotes/zigman/221477/quotes/nls/crs CRS +0.76% .

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