Metal maker RTI joins medtech fold by purchasing device manufacturer Remmele
This article was originally published in Clinica
Executive Summary
RTI International Metals, one of the world's largest titanium producers, is diversifying into the medtech space after sealing a deal to acquire aerospace, defence and medical device manufacturer Remmele Engineering for $182.5m. The agreed price is made up of around $164.5m in cash and around $18m in debt, financed from RTI's existing cash reserves.