Alcoa Buying RTI International, Expanding Titanium Portfolio

Alcoa to Acquire RTI International Metals, Boosting Value-Add, Multi-Material Aerospace Portfolio

Alcoa has a definitive agreement to acquire RTI International Metals in a $1.5-billion, all-stock deal that would continue its aggressive expansion into commercial and defense aerospace markets. Directors of both firms have approved the takeover, and Alcoa expects to complete the purchase by mid-year, pending approval by regulators and RTI shareholders.

The buyer’s primary goal is to “grow its value-add businesses and further strengthen its aerospace portfolio,” according to its announcement. With its titanium refining and melting capacity RTI will support numerous Alcoa product offerings, and its various processing capabilities (forging, hot rolling) will complement Alcoa’s material and process technology offerings.