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Alcoa to buy RTI Intl in $1.5B deal, expand aerospace push

2015-03-09 13:53:06| Industrial Machines - Topix.net

Alcoa is buying titanium supplier RTI International Metals in a deal valued at $1.5 billion, as it continues to build its stake in products for the aerospace industry. Pittsburgh-based RTI International Metals Inc. supplies the commercial aerospace market.

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Alcoa to buy RTI for $1.26 billion to expand aerospace unit

2015-03-09 13:53:05| Industrial Machines - Topix.net

Alcoa Inc. agreed to acquire RTI International Metals Inc. for about $1.26 billion to expand its business making titanium and specialty-metals products for the aerospace industry. Investors will receive 2.8315 Alcoa shares for each RTI share, representing a value of $41 per RTI share based on Alcoa's March 6 closing price, the companies said Monday in a statement.

Tags: buy unit expand billion

 
 

Alcoa hires former Whirlpool exec to lead Latin America

2015-03-04 18:53:41| Appliances - Topix.net

Jose Aurelio Drummond will join Alcoa Inc. as president of Latin America, the company announced Wednesday.

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Alcoa Opens Expanded Wheels Manufacturing Plant In Hungary

2015-02-06 06:17:04| plantautomation News Articles

Lightweight, high-performance metals leader Alcoa recently officially opened its expanded wheels manufacturing plant in Hungary

Tags: expanded manufacturing plant hungary

 

Heinz wins Cedar Point contract; Uber CEO will not face subpoena; Judge OKs Alcoa settlement

2015-01-29 08:34:48| Food - Topix.net

Pittsburgh food company H.J. Heinz has a five-year deal to be the exclusive supplier of ketchup, mustard, relish and mayonnaise for Sandusky, Ohio-based Cedar Fair Entertainment Co., which operates 11 amusement parks including Cedar Point in Sandusky. A request by the Pennsylvania Public Utility Commission's bureau of investigation and enforcement to subpoena Uber CEO Travis Kalanick and compel him to testify about aspects of the company's activity in Pennsylvania has been denied by two administrative law judges.

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