Titanium Co. Buys Rival From PE Firm For $182M

Law360, New York (January 12, 2012, 7:59 PM EST) -- Titanium manufacturer RTI International Metals Inc. has agreed to purchase Remmele Engineering Inc. from private equity firm Goldner Hawn Johnson & Morrison Inc. for $182.5 million in an effort to streamline its fabrication business and expand into the medical device market, a spokesman confirmed Thursday.

The cash transaction, which is expected to close in the first quarter of 2012, includes $164.5 million in available cash, giving RTI liquidity to pursue future investments, and the assumption of about $18.0 million in debt. Remmele's corporate structure will remain...
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