Business Wire News with Multimedia: RTI International Metals and Titanium Industries Announce the Closing of the Sale of RTI Pierce Spafford

Business Wire News with Multimedia News with Multimedia distributed by Business Wire

RTI International Metals and Titanium Industries Announce the Closing of the Sale of RTI Pierce Spafford May 1st 2013, 01:13 PITTSBURGH--(BUSINESS WIRE)--RTI International Metals, Inc. (NYSE: RTI), and Titanium Industries, Inc., today announced they have closed on the sale of RTI's wholly-owned subsidiary, Pierce-Spafford Metals Company, Inc. (RTI Pierce Spafford), to Titanium Industries for approximately $12.5 million in cash. Pierce Spafford is a full-service stocking distributor of specialty metals serving customers in the aerospace, defense, oil and gas, power generation, and general industrial markets. RTI's flat

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