RTI International Metals Inc., Pittsburgh, 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 Technology will be included in RTI’s Titanium Segment. Purchase terms of the transaction were $15.5 million in cash, plus potential future cash consideration.
Dynamet Technology’s products are manufactured from the company’s proprietary titanium alloys, standard titanium alloys, and metal matrix composites using Dynamet Technology’s advanced powder metallurgical process. Near-net shape preforms and products that have been successfully produced and commercialized by Dynamet Technology include various missile parts as well as CermeTi metal matrix composite material for medical implant products.
In February 2012, Dynamet Technology began supplying powder metal Ti-6Al-4V alloy products for structural components on commercial aircraft to a large commercial aerospace OEM. After that, the company received 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, Dynamet received the International Titanium Association’s Titanium Applications Development Award for 2013.
Additional details regarding the transaction were not disclosed.
