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Norsk Titanium announces strategic investment from Triangle Holdings

Norway-based Norsk Titanium, a provider of aerospace-grade, additive-manufactured, structural titanium components, has closed on a significant investment from Triangle Holdings LP, an aerospace investment company owned by funds managed by affiliates of Fortress Investment Group LLC.

“This strategic investment from Triangle Holdings allows Norsk Titanium to extend our Rapid Plasma Deposition™ capability fully into the commercial aerospace sector and beyond,” said Norsk Titanium Chairman of the Board John Andersen Jr.

“Our focus is on the integration of advanced technologies with smart production and Industrial Internet of Things, which will bring a unique set of competencies to our platform technology,” said Warren M. Boley Jr., Norsk Titanium president/CEO.