RTI International Metals Acquires Titanium and Stainless Steel Extrusion Business of Osborn Metals for $15M in Cash
RTI International Metals (NYSE: RTI), today announced it has
acquired the Osborn Steel Extrusions business unit of Osborn Metals
Limited for approximately $15 million in cash.
Located in Bradford, England, Osborn Steel Extrusions specializes in the
manufacture of less than 6 inch diameter extruded titanium and stainless
steel hollows and near-net shape profile parts. It provides its products
principally to commercial aerospace, energy, power generation and
defense market customers.
Dawne S. Hickton, Vice Chair, President and CEO of RTI, said, “The
acquisition of Osborn Steel Extrusions represents the continued
execution of RTI's growth strategy on enhancing our value-added,
downstream titanium and specialty materials engineered products and