Now, moving on to acquisitions, I remember that when I first started talking about acquisitions at a meeting like this, I referred to strategic acquisitions and somebody kind of came up afterwards and said, I don’t like that part of your strategy. And I said, why not? And they said, well, because strategic means that you’re going to buy it and you’re going to say that is strategic, and you are going to say that, it brings on your earnings, but it’s going to pay off in the long run.And so we quickly changed our language too, we want strategic, but we really want accretive acquisitions. And that’s what we’ve done. We’ve done five acquisitions, our largest is Latrobe. We’re very proud of bringing that team, that business. We have representative from the business here with us today. And what you find in the business is that, you have roughly 76% of their business, is in the aerospace and energy, what a great match?
Carpenter Technology's CEO Hosts Investor & Analyst Conference Call (Transcript)
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