Alcoa to acquire RTI Intl. Metals

New York-based Alcoa has signed a definitive agreement to acquire RTI Intl. Metals Inc., Pittsburgh, a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense, energy, and medical device markets.

RTI’s titanium operations span midstream processes such as melting, ingot casting, bloom, billet, plate, and sheet production; and downstream extrusions for aerospace, oil and gas applications, high-speed machining, and production of integrated subassemblies primarily for aerospace. These capabilities complement Alcoa’s titanium investment casting and forging capabilities and will enable a closed titanium scrap loop, the company states.

In addition, RTI’s high-velocity machining, forming, extruding, and parts assembly operations will enable Alcoa to produce large, complex aerospace components. Advanced titanium powder metallurgy and processing technology will enable production of near-net-shape aerospace components, as well as medical devices and oil and gas products. RTI will expand Alcoa’s additive manufacturing capabilities, such as 3-D printing, to produce titanium, specialty metals, and plastic parts for aerospace, medical, and energy applications.