Day Pitney LLP represented Titanium Industries Inc. in its acquisition of RTI International Metals, Inc.'s subsidiary, Pierce-Spafford Metals Company, Inc., 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 & gas, power generation, and general industrial markets.
The deal team advising Titanium included partners Henry Nelson Massey, Colleen R. Donovan, counsel Thomas A. Zalewski and associates Joseph F. Morcos and Meghan McSkimming.
Titanium Industries, Inc. (T.I.), headquartered in Rockaway, NJ, is a global leader in performance metal solutions for the aerospace, medical, industrial and oil & gas markets. Holding a complete inventory of performance metals across its 18 location global service center network, T.I. delivers supply chain solutions at all levels of sophistication and complexity. With a globally experienced and technically driven team, T.I. has been providing dependable, quality driven solutions to customers since 1972.
About Day Pitney
Day Pitney LLP is a full-service law firm with more than 300 attorneys in, Boston, Connecticut, New Jersey, New York and Washington, DC. The firm offers clients strong corporate and litigation practices, with experience on behalf of large national and international corporations as well as emerging- and middle-market companies and individuals.