Remmele Engineering | News & Media

Press Release Archive:

Date
Release Description
Jan. 10, 2012

PITTSBURGH, Pa. – January 10, 2012 – RTI International Metals, Inc. (NYSE: RTI) (“RTI”), a global supplier of advanced titanium mill products and fabricated components, today announced that it has entered into a stock purchase agreement under which it will acquire Remmele Engineering, Incorporated (“Remmele”). Remmele, acquired by Goldner Hawn Johnson & Morrison, Incorporated in 2007, provides precision machining and collaborative engineering, as well as other key technologies and services, for the aerospace and defense and medical device sectors. The acquisition is being financed from the deployment of RTI’s existing cash reserves. It is expected to close before the end of March, 2012 and will be immediately accretive to earnings. The acquisition is expected to accelerate and dramatically transform RTI’s downstream fabrication strategy in the aerospace and defense sector while providing entrance to new contract manufacturing end markets, such as the fast-growing medical device market. Customers of the combined organization will benefit from the complementary strengths of RTI and Remmele as an integrated titanium manufacturer. Remmele's expertise in engineering and precision machining of titanium for the medical device sector is expected to enhance RTI’s aerospace and defense capabilities, and RTI’s titanium manufacturing experience will help broaden the product offering to Remmele’s existing customers, and open the door to serving new customers. “I am pleased to have such a high quality organization become part of RTI. Remmele has a strong reputation among many of our shared aerospace and defense customers and holds the same standing in the medical device market,” said Dawne S. Hickton, Vice Chairman, President, and CEO of RTI.

Jan. 1, 2011

Remmele Engineering has organized our medical device business into our wholly owned subsidiary REI Medical, Inc. We will use the name Remmele Medical in the marketplace. Our contact information (address, phone, email) otherwise remains the same. This name change reflects another step in our integration of Plant 30 and EL-Tronic into a united business entity. Both facilities will continue to focus on serving our customers’ needs at the high levels they have come to expect. Over the next few months we will transition to using Remmele Medical on our buildings, in documents, in correspondence and in promotional materials.

Nov. 24, 2010

Remmele Engineering welcomes Paul Burton as its new President and CEO. Paul has significant manufacturing and operating experience that is a good fit with Remmele’s operations. He began his career at GE in the precision machining area and advanced to other key positions within spinoffs of GE including electrical power generation and engine component manufacturing. Most recently Paul led the Dynabil division of Ducommun Aerostructures. Dynabil is a supplier of precision metal and composite structures, electronic/mechanical assemblies and missile and rocket systems to the aerospace industry.

Remmele's Medical Device business unit, including its El-Tronic subsidiary, announces it has received dual certification to ISO 13485:2003 and ISO 9001:2008 quality standards. For the press release, click here.

Remmele Engineering announces that it has acquired El-Tronic Precision, Inc. of Coon Rapids, MN. El-Tronic Precision is a provider of engineering and contract manufacturing services for the medical device industry. For the press release, click here.

Remmele Engineering announces a contract with the National Aeronautics and Space Administration (NASA) to produce the decks for the Express Logistics Carrier (ELC) component of the International Space Station. To read more, click here.

Remmele Engineering receives United States patent for the process and production of monolithic components using preformed material. To read more, click here.