RTI International Metals has acquired Directed Manufacturing, an additive manufacturing specialist focused on metals and plastics for both commercial production and engineering development applications, for $23 million in cash. According to the company, the transaction is expected to enhance its ability to deliver advanced titanium and other advanced material solutions to customers in aerospace, medical device and other markets.
Based in Austin, Texas, Directed Manufacturing (which will do business as RTI Directed Manufacturing) will serve as the flagship organization in RTI's Advanced Additive product line. It produces complex products using titanium, nickel-chromium alloys and other specialty metals and composite plastics using direct metal laser sintering and plastic laser sintering systems.
Directed Manufacturing currently manufactures products that include aerospace airfoils, rakes, guide vanes and injection nozzles, complex fasteners, surgical tools, medical implants, and injection mold inserts.
"We are very excited to welcome Directed Manufacturing to RTI. We believe its 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," said Dawne Hickton, vice chair, president and CEO of RTI.
For more information, visit RTI International Metals.
Sources: Press materials received from the company and additional information gleaned from the company's website.