Jack A. Roser, President and CEO of RTI, announced Tuesday that Roser Technologies, Inc. (RTI) and KME Special Products GmbH & Co. KG (KME Special) entered into an acquisition agreement through its subsidiary, KME Special Products America Inc., on January 1.
“With the long history of the KME Special company with roots dating back to 1886, and its reputation for producing high quality products with a global footprint, they seemed to be the perfect strategic fit for RTI’s long term succession plans. Roser said. “KME Special’s innovative copper technology, coupled with RTI’s proven high-quality service standards, positions us ideally to provide added value and alternative solutions to customers in the North American market. “
“Our combined expertise will drive efficiency and performance by providing full sales and service under one roof. This allows us to convey improved efficiency and vital global market access to customers seeking new opportunities in today’s highly competitive environment, ”said Roser. “We look forward to partnering with the management team and company employees to further strengthen our mutual success. We will continue to operate as RTI at the four facilities between Titusville and Pleasantville, with ongoing services for RTI and KME Special customers. We plan to add employees, machines, etc. additional to meet this demand. We are very excited about the future opportunities for our customers, our community and our employees. This deal is a victory for everyone involved.
Roser Technologies, Inc. (RTI) is a provider of continuous casting maintenance services to all major steel producers in the United States, Canada and Mexico. Based in Titusville, Pa., RTI designs, manufactures and renovates mold and casting ring components and other critical parts used to make steel. RTI was founded by the Roser family in 2001 and currently employs 155 people.
KME Special Products & Solutions is the world leader in customer specific products and solutions in copper and copper alloys. The company employs a total workforce of approximately 1,200 people worldwide and operates with a global sales network and main production sites in Germany, the United States, China and India and several service centers throughout the main steel producing regions.