1/23/2014 10:10:00 AM
NEWS BRIEFS
RTI Acquires 3D Fastener Manufacturer Directed Mfg.
RTI International Metals Inc. acquired 3D products manufacturer Directed Manufacturing for $23 million cash.
Austin, TX-based Directed Manufacturing produces fasteners and other products using titanium, nickel-chromium alloys and other specialty metals and composite plastics. Specific additive manufacturing technologies used by the company include Direct Metal Laser Sintering and Plastic Laser Sintering systems. Web: directedmfg.com
Directed Manufacturing will do business as RTI Directed Manufacturing, Inc. — the flagship organization in RTI’s Advanced Additive product line.
“We are very excited to welcome Directed Manufacturing to RTI. We believe (Directed Manufacturing’s) technology, track record of profitable commercial production, proven quality, performance and base of established customers immediately puts RTI at the forefront of Additive Manufacturing and 3D Printing — the technology that is rapidly expanding it’s influence on global manufacturing,” stated RTI CEO Dawne S. Hickton.
RTI said the acquisition builds on more than two years of R&D and other industry participation, including collaboration with a major commercial aerospace OEM on prototype powder metal parts for advanced design aircraft.
RTI is also a founding sponsor of the National Additive Manufacturing Innovation Institute (NAMII), also known as”America Makes” — a joint effort of the federal government and industry based in Youngstown, OH.
Headquartered in Pittsburgh, PA, RTI has locations in the U.S., Canada, Europe, and Asia. Web: rtiintl.com ©2014 GlobalFastenerNews.com
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