RTI International Metals Inc., Pittsburgh, has acquired Dynamet Technology Inc., an industry innovator in titanium powder metallurgy and a supplier of near-net shape titanium and titanium alloy preforms and components to commercial aerospace, defense, biomedical and industrial customers. Based in Burlington, Mass., Dynamet will be included in RTI’s Titanium Segment. Purchase terms of the transaction were $15.5 million in cash, plus potential future cash consideration.
“This acquisition, RTI’s second new advanced technology investment this year, adds innovative titanium powder research and development, as well as a second distinct powder-based manufacturing technology to RTI’s capabilities,” says Dawne S. Hickton, Vice Chair, President, and CEO of RTI. “Together with our acquisition in January of RTI Directed Manufacturing, which specializes in 3D printing, the addition of Dynamet Technology enhances RTI’s strategic positioning to capitalize on increasing customer demand for lower cost materials and innovative near-net shape preforms and components. RTI looks forward to working with the Dynamet Technology team to maximize the opportunities we are confident this combination of talents will create.”
Dynamet’s products are manufactured from the company’s proprietary titanium alloys, standard titanium alloys, and metal matrix composites by its advanced powder metallurgical process. Near-net-shape preforms and products that have been successfully produced and commercialized by Dynamet include various missile parts and CermeTi metal matrix composite material for medical implant products.
In February 2012, Dynamet received qualification approval from a large commercial aerospace OEM for the supply of powder metal Ti-6Al-4V alloy products for structural components on commercial aircraft. This was followed by AS9100C certification in April 2013 – a widely adopted and standardized quality management system certification that aerospace and defense manufacturers require of their suppliers. Last September, the company received the International Titanium Association’s Titanium Applications Development Award for 2013.
According to, “We look forward to becoming part of the innovative team and culture at RTI,” says Stanley Abkowitz, founder of Dynamet Technology. “Our common view of the vast market opportunities and applications for the continued development and use of Dynamet Technology’s advanced powder metal technology make joining with RTI the ideal path forward to accelerate progress and market acceptance.”
