Add-on Acquisition • Manufacturing

RTI International Metals Acquires Claro Precision

On September 28, 2004, RTI International Metals acquired manufacturer Claro Precision

Acquisition Context
  • This is RTI International Metals’ 1st transaction in the Manufacturing sector.
  • This is RTI International Metals’ 1st transaction in Canada.
  • This is RTI International Metals’ 1st transaction in Quebec.

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M&A Deal Summary

Date September 28, 2004
Target Claro Precision
Sector Manufacturing
Buyer(s) RTI International Metals
Deal Type Add-on Acquisition

Target Company

Claro Precision

Montreal, Quebec, Canada
Claro Precision, Inc. is a manufacturer of precision-machined components and complex mechanical and electrical assemblies for the aerospace industry.
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Buyer Overview 1

Buyer

RTI International Metals

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1951
Sector Metals/Mining
Employees2,437
Revenue 783M USD (2013)
DESCRIPTION

RTI International Metals, Inc. is a provider of titanium and specialty metals products and services to commercial aerospace, defense, energy, medical device and other customers. RTI has been taking titanium further through advanced manufacturing, engineering, machining, and forming processes. RTI delivers titanium mill products, extruded shapes, formed and 3D-printed parts, and highly engineered precision-machined components through its downstream integrated supply chain.


Deal Context for Buyer #
Overall 1 of 6
Sector: Manufacturing 1 of 3
Type: Add-on Acquisition 1 of 4
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2004 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-18 Aeromet - Titanium Forming Division

Welwyn Garden City, United Kingdom

Aeromet's Titanium Forming Division engages in hot forming, super plastic forming, diffusion bonding and fabrication of titanium sheet and plate for the aerospace and defense markets.

Buy $34M