Titanium Industries Inc. (TI) and GMT Companies (GMT) have announced that TI has purchased the GMT companies including GMT Titanium. This will allow TI and GMT to join forces in their efforts to sell titanium and high performance metal products to the European customer base. This purchase joins TI, an independent manufacturing distributor of titanium mill products primarily for aerospace and medical markets and GMT, a European-based distributor of primarily industrial-based titanium products. The two European GMT facilities in Bergen, Norway and Southampton, England will compliment the TI facility in Birmingham, England; as well as 7 other strategically located distribution facilities. The co-existence of these facilities will also provide the additional space required to immediately grow European operations of the two companies, as well as the continued expansion of the non-titanium High Performance Metal, or HPM division, of TI. In addition, GMT Titanium’s global sourcing capabilities and innovative marketing strategies are expected to bring new opportunities to the entire Titanium Industries’ distribution network. Jan-Hugo Schnelle will continue his responsibilities as Managing Director of both the Norway and UK facilities and he will also oversee Titanium Industries’ UK Ltd division. He will report to Jeff Wise, Vice President, Sales and Marketing for TI.
