RTI acquires additive manufacturer
RTI International Metals Inc. acquired Directed Manufacturing Inc., a leader in additive manufacturing of metals and plastics for commercial production and engineering development, in a $23 million cash deal, RTI announced.
The deal is expected to help RTI deliver advanced, cost-effective titanium and other advanced materials to customers in aerospace and other markets.
Based in Austin, Texas, Directed Manufacturing will do business as RTI Directed Manufacturing Inc. It becomes the flagship organization in RTI’s advanced additive product line. The manufacturer produces complex products using titanium, nickel-chromium alloys and other specialty metals and composite plastics. The specific additive manufacturing or 3D printing technologies used by the company include direct metal laser sintering and plastic laser sintering systems.
RTI specializes in advanced titanium manufacture for the aerospace, defense, medical and energy industries.
The Pittsburgh-based company employs more than 350 employees at its plant in Weathersfield.