RTI International Metals Acquires Titanium and Stainless Steel Extrusion Business of Osborn Metals for $15M in Cash

RTI International Metals

, 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