RTI International Metals Acquires Dynamet Technology
RTI International Metals acquired Dynamet Technology, an 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, for $15.5 million. Dynamet Technology’s products are manufactured from the company’s proprietary titanium alloys, standard titanium alloys and metal matrix composites using its advanced powder metallurgical process. Burlington, Mass.-based Dynamet Technology, which will be included in RTI’s Titanium Segment, received AS9100C certification in April 2013. Near-net-shape preforms and products that have been successfully produced and commercialized include various missile parts as well as CermeTi® metal-matrix-composite material for medical implant products.