Sep 15, 2015 2 min read

HOUSTON – Perryman Co. said Tuesday it acquired titanium revert processor Spectralloy Co. LLC.

Located in Goodville, Lancaster County, Spectralloy is a recycler of titanium revert, or reclaimed scrap, for use in various titanium melt processes in the manufacture of titanium ingots. It employs 12 people.

Perryman, which did not disclose the purchase price, said in a news release the acquisition will strengthen its raw material supply chain.

“This acquisition further strengthens our position to manage the revert supply stream to our operations,” said Frank Perryman, president and chief executive officer. “The addition of Spectralloy to our organization complements our current raw material processing supply chain.”

Perryman will now have in-house solid feedstock processing capabilities to add to its in-house titanium chip processing. The company said Spectralloy is a longtime supplier of recycled titanium to the titanium industry and has been a strategic supplier to Perryman for many years.

Over the past several years, Perryman expanded its manufacturing footprint and increased capacity to support strategic growth initiatives.

Perryman Chief Executive Frank Perryman said Tuesday the Spectralloy purchase follows expansions at its Houston and California sites, spending $40 million on additional buildings and equipment to double its production capacity by 2016.

The company, whose primary markets are the aerospace and medical industries, forecasts an increased need for its titanium products in the 2016-2020 timeframe.

“As demand for our products continues to grow, it is imperative that we strive to be as efficient as we can in all that we do,” Perryman said in a statement. “Through this acquisition, we are enhancing our ability to manage our feedstock. It’s a natural integration step for us and, along with our recently added manufacturing capacities, allows us to better support our customers as they grow” Perryman said.

Perryman Co., founded in 1988, is an integrated titanium producer from melting of ingot to finished products, which includes ingot, bar, coil, fine wire, net shapes and hot rolled products. Its forging and fabrication group offers medical device contract manufacturing in a range of materials including plastics and titanium.

A titanium global leader, Perryman supplies and services customers in the aerospace, medical, consumer, industrial and recreation markets.