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Dive Brief

Alcoa announces $1.5B deal to buy metals supplier

Published March 13, 2015
By
Nicole Wrona Contributing Editor
Pixabay; Up-Free

Dive Brief:

  • Alcoa announced it inked a deal to acquire RTI International Metals Inc., a worldwide supplier of titanium and specialty metals.
  • The company will buy RTI in a stock-for-stock transaction valued at $1.5 billion. 
  • It said the buy will fortify its aerospace portfolio as the investment will flesh out its range of offerings, advanced tech, and materials.

Dive Insight:

Alcoa said the acquisition will allow the firm to capitalize on strong growth in the commercial aerospace sector, projecting a market growth rate between 5% to 6% through 2019.

In June 2013, Alcoa partnered with Boeing to recycle eight million pounds of aluminum annually. The recycled parts include wings and fuselage systems. 

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