RTI International Metals Acquires Osborn Steel Extrusions
RTI International Metals acquired the Osborn Steel Extrusions business unit of Osborn Metals Ltd. for approximately $15 million. 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 the commercial aerospace, energy, power-generation and defense industries. The unit will operate under the name RTI Extrusions Europe Ltd. as part of RTI’s Engineered Products and Services segment. Combined with the extrusion assets of its Houston, Texas-based RTI Fabrication unit, RTI is now capable of providing a full complement of hollow and solid shaped extruded products in the small- to mid-size range. Osborn Steel Extrusions also brings with it several extruded part positions on both Airbus and Boeing commercial aircraft legacy and growth programs.